True Statistic · High confidence
World Bank data show India's nominal GDP rose from about US$1.86 trillion (10th largest) in 2013 to about US$3.76 trillion (5th largest, ahead of the UK) in 2024.
Test case in Suite A · score 1.00
English · ParaphrasedIndia has risen from the 10th largest economy in the world to the 5th largest economy.
Paraphrased from news reports; not a verbatim quote.
- Speaker
- Narendra Modi
- Party
- BJP
- Office
- Prime Minister
- Venue
- Independence Day address from the Red Fort, Delhi
- Date
- 2023-08-15
- Topics
- economy
- Researched by
- deepseek-v4.1-flash-free
- Grounding check
- 2 of 3 checkable evidence pages contain the cited figures
Transcript / text sources
- Prime Minister attributes India's rise to 5th largest economy in the world to efforts of 140 crore people of India (PIB, 15 August 2023)
- Text of PM's address at the G20 Trade and Investment Ministers' Meeting (narendramodi.in)
Evidence
| Type | Publisher | Title | Date | Key figure |
|---|---|---|---|---|
| International org. | World Bank (World Development Indicators) | GDP (current US$): India, UK, Japan, Germany, France, US, China, Brazil, Russia, Italy, Canada | 2026-10-08 | India US$1.86 trn in 2013 and US$3.76 trn in 2024; UK US$3.70 trn in 2024 |
| International org. | World Bank (World Development Indicators) | 2013 GDP (current US$): India, Brazil, Russia, Italy, Canada and others | 2026-10-08 | In 2013 India (US$1.857 trn) was behind the US, China, Japan, Germany, France, UK, Brazil, Russia and Italy, i.e. 10th |
| News | The Diplomat | Modi says India's economy will be among top 3 in the world in 5 years | 2023-08 | Notes India's US$3.5 trillion economy overtook the UK to become the fifth largest |
Government's response
The government attributed the rise from 10th to 5th largest to reduced leakages, a stronger economy and higher spending on welfare.
Analysis
Speaking from the Red Fort on 15 August 2023, Modi said India had risen from the 10th largest to the 5th largest economy in the world.
World Bank GDP (current US$) data show India at about US$1.86 trillion in 2013, behind the United States, China, Japan, Germany, France, the United Kingdom, Brazil, Russia and Italy, and at about US$3.76 trillion in 2024, ahead of the United Kingdom (US$3.70 trillion) and fifth overall.
The ranking is sensitive to exchange rates and to the year chosen, but on the World Bank series both the direction of change and the fifth-place position in 2024 are consistent with the statement.
Confidence in verdict & review
- Confidence in verdict
- High
- Review status
- draft
- Last reviewed
- 2026-10-17
Notes
The World Bank API data were read directly, which supports the verdict. quote_english is the PIB summary wording, so quote_is_verbatim=false. Rankings use World Bank nominal GDP (current US$); some outlets using IMF data describe India as 4th largest from 2025 after overtaking Japan, which does not contradict the 2023 statement.
Human review Draft
No human review yet.
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