NITI Aayog meeting Background: A NITI Aayog meeting was held in Delhi under the chairmanship of Prime Minister Modi. Discussions were held on ways to transform India into a developed nation by 2047. Indian Economy – Key Data India's Gross Domestic Product (GDP) has crossed $4.18 trillion. With this, India has overtaken Japan to become the world's 4th largest economy. Unemployment was 5.1 percent in April. As of November, this percentage has decreased to 4.7 percent. India's exports stood at $36.43 billion in January. In November, Indian exports rose to $38.13 billion. The Reserve Bank of India has projected India's economic growth to be 7.3% in the 2025-26 financial year. The World Bank, the International Monetary Fund, the Asian Development Bank, and various other international financial institutions have projected India's economic growth to be between 6.5 percent and 7.4 percent.
