Uzbekistan’s Economy Surges in 2025, Creating Opportunities for India
Uzbekistan’s economy grew robustly by 7.6% in the first nine months of 2025, surpassing forecasts with strong gains in industry, construction, services, and agriculture. Gold and foreign exchange reserves rose by 35%, while household incomes and wages increased significantly. The government targets over $135 billion GDP in 2025 and above $150 billion by 2026, aiming for upper-middle-income status by 2030 and expanding India-Uzbekistan cooperation opportunities.
In 2025, Uzbekistan's economy achieved vigorous growth, expanding by 7.6% in the first nine months and outperforming forecasted figures. This growth was driven by diverse sectors including industrial production, construction, services, and agriculture. The country’s gold and foreign exchange reserves increased by 35%, reaching $55 billion, strengthening its financial position. Concurrently, household incomes rose by 18.4% and average wages by 19.2%, improving citizens' living standards and boosting market confidence. Uzbekistan’s government has set ambitious goals to maintain high growth rates, aiming for a GDP exceeding $135 billion in 2025 and surpassing $150 billion in 2026. This economic progress aligns with the national development strategy to achieve upper-middle-income country status by 2030. Robust economic fundamentals and growth also open new avenues for bilateral cooperation, particularly with India, as Uzbekistan’s expanding economy presents rising trade and investment opportunities. The Asian Development Bank and World Bank reports highlight sustained reforms and infrastructure development underpinning this growth, with continued efforts towards liberalization and regional integration critical for long-term prosperity. Overall, the economic trajectory signals enhanced opportunities for India-Uzbekistan partnerships amid Uzbekistan’s rapid economic transformation.
