Rajnath Singh: India Economy Doubled in 12 Years, GDP Growth at 7.8 Percent

Defense Minister Rajnath Singh has made a significant statement regarding India's rapidly growing economy, highlighting that the size of the Indian economy has doubled over the past 10 to 12 years. 8 percent. This solid growth trajectory underscores India's position as a major player on the global economic stage and reflects the success of the economic reforms implemented over the last decade.

India's Contribution to Global Growth

During his address, Rajnath Singh pointed out that India is currently the fastest-growing large economy in the world. He noted that India is contributing more than 16 percent to global economic growth. This achievement, according to the minister, has been made possible through a consistently strengthening economic framework and strategic policies that have bolstered various sectors of the economy. He stated that India has reached this milestone on the strength of an economy that's becoming increasingly resilient and dynamic.

Economic Doubling in 10 to 12 Years

The Defense Minister provided a historical perspective on India's economic journey. He mentioned that after independence, it took nearly 60 years for the Indian economy to reach the 1 trillion dollar mark. By the year 2014, the size of the country's economy was approximately 2 trillion dollars. However, in the subsequent 10 to 12 years, the size of the economy has nearly doubled. 8 percent.

Inflation Control and Export Growth

Rajnath Singh also addressed the issue of inflation during his speech, while 7 percent. He compared this with the previous Congress-led government, during which he claimed inflation had reached levels of 10 to 11 percent. On top of that, the minister noted that India's global share in terms of investment and exports is continuously increasing. He provided figures showing that in 2014, the value of exports from India was 45 lakh crore rupees, which has Notably risen to reach 79 lakh crore rupees in the 2025-26 period.

Trade Deals and the European Union FTA

The Defense Minister spoke about India's proactive approach to international trade, noting that trade deals have been struck with 38 countries over the last 12 years. He specifically mentioned the Free Trade Agreement (FTA) between India and the European Union, which is being referred to as the Mother of All Deals. This agreement is expected to open doors to the massive EU market, which is valued at approximately 27 trillion dollars, providing a significant boost to Indian businesses and the overall economy.

Poverty Reduction and Digital Revolution

Significant progress in poverty alleviation was also a key highlight of the minister's speech. 8 percent in 2022-23.1 percent. Alongside these social improvements, Rajnath Singh pointed to a digital revolution that has taken place in India over the last decade. He observed that today, smartphones are ubiquitous, providing access to a wide range of services. He noted that in 2014, there were only 6 crore broadband connections in the country, a number that has now surged to 100 crore, illustrating the scale of digital inclusion in India.