Indian Economy Shows Resilience, Records High Diwali Sales, and Eyes Third-Largest Economy Status by 2030
October 23, 2025
The Indian economy is demonstrating remarkable resilience amidst global challenges, as highlighted by the Reserve Bank of India (RBI) in its October 2025 bulletin. This resilience is underpinned by strong macroeconomic fundamentals, including low inflation and robust financial systems. The festive season saw record-breaking Diwali sales of US$ 68.77 billion, driven by GST rate cuts and a preference for Indian-made goods. Projections indicate India is set to become the world's third-largest economy by 2030, surpassing Germany, fueled by strong growth and rising consumer spending. Indian financial markets were closed on October 22nd for Diwali Balipratipada, following a positive Muhurat trading session.