India (17 per cent) is second to China (26.6 per cent), while the US (9.9 per cent) is in third place. The post also mentions that China and India alone contribute 43.6 per cent of the global growth

Tesla CEO Elon Musk on Saturday said that the “balance of power is changing” as he reshared a post by World of Statistics listing the top 10 countries contributing to the global real GDP growth in 2026. India is second in the list.

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India (17 per cent) is second to China (26.6 per cent), while the US (9.9 per cent) is in third place. The post also mentions that China and India alone contribute 43.6 per cent of the global growth.

Some other countries mentioned in the list include Indonesia, Turkey, Nigeria and Brazil. According to the list, the Asia-Pacific accounts for 50 per cent of the total growth.

India’s GDP growth story

Meanwhile, the
Economic Survey has pegged FY27 growth in the 6.8-7.2 per cent range on Thursday. The economic survey was tabled in the parliament by Finance Minister Nirmala Sitharaman two days ahead of the Union Budget. The survey was prepared under the leadership of Chief Economic Advisor V. Anantha Nageswaran and his team.

The survey also pegged GDP growth for FY26 at 7 per cent against the National Statistical Office’s first advance estimate of 7.4 per cent. The previous Economic Survey (2025) projected India’s GDP growth at 6.3-6.8 per cent for FY26. Latest estimates show FY26 at 7.4 per cent, with FY25 actual at 6.5 per cent.

Last month, India surpassed Japan to become the world’s fourth-largest economy with a size of $4.18 trillion and is poised to overtake Germany to become the third-largest by 2030.

India’s real GDP grew 8.2 per cent in the second quarter of 2025-26, up from 7.8 per cent in the first quarter and 7.4 per cent in the fourth quarter of the last fiscal.

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“With GDP valued at $4.18 trillion, India has surpassed Japan to become the world’s fourth largest economy and is poised to displace Germany from the third rank in the next 2.5 to 3 years with a projected GDP of $7.3 trillion by 2030,” said the government in a statement providing a snapshot of reforms in 2025.

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