India Becomes World’s 4th Largest Economy, Surpasses Japan

India's economy is now the fourth largest in the world, surpassing that of Japan. In the next two to three years, India is expected to overtake Germany as the third-ranked country, according to B.V.R. Subrahmanyam, CEO of NITI Aayog. According to IMF estimates, India's GDP is now worth "four trillion dollars," he told the media yesterday during the tenth NITI Aayog Governing Council Meeting in New Delhi. According to him, the only economies bigger than India's are those of the US, China, and Germany.

India will continue to be the major economy with the fastest rate of growth in the world, according to a recent IMF evaluation. India is still the major economy with the fastest rate of growth in the world, and it is the only nation predicted to grow by more than 6% over the next two years, according to the IMF's World Economic Outlook report earlier this month. The IMF estimates that India's GDP is currently at 4.3 trillion dollars. Since 2015, India's economy has more than doubled, with a GDP of 2.1 trillion dollars. As per the estimate, India's GDP is expected to reach 5.5 trillion dollars in 2028, surpassing Germany to become the third-largest economy due to its rapid development rate.

Germany is projected by the IMF to have a zero growth rate in 2025 and a 0.9% growth rate in 2026 because it is anticipated to be the most severely affected of the European nations by the ongoing global trade war. China, the second-largest economy in the world, has a GDP of about 19.2 trillion dollars, whereas the United States, the largest economy in the world, has projected a GDP of 30.5 trillion dollars by 2025.