India became the 4th Largest Economy in the World
India has made another big jump on the global economic platform. It has been announced by NITI Aayog Chief Executive Officer (CEO) BV R Subrahmanyam. He has said that India has achieved the status of the fourth largest economy in the world, leaving behind Japan. This figure is based on the latest data of the International Monetary Fund (IMF). Subrahmanyam gave this information in a press conference after the 10th NITI Aayog Governing Council meeting held in New Delhi.
He said, “As I am speaking, India has now become the fourth largest economy in the worldOur economy has crossed the US $ 4 trillion. This is not mine but IMF data. India has now surpassed Japan. ”He further said that now only America, China and Germany are ahead of IndiaIf India’s economic progress continues at this pace, then India can become the third largest economy in the world in the coming 2 to 3 years.
According to the IMF World Economic Outlook (April 2025), India’s GDP will be around $ 4,187 billion in 2026. At the same time, Japan’s GDP is expected to be an estimated $ 4,186 billion. India was the fifth largest economy in the world by 2024. The IMF says that India will develop at the rates of 6.2% and 6.3% in 2025 and 2026 respectively. In contrast, the growth rate of the global economy is expected to be 2.8% in 2025 and 3% in 2026. These figures underline India’s rapid growing economy.
Developed India strong steps towards 2047
During the meeting, there was an intensive discussion between the Center and the states on the topic ‘Developed India developed from the developed state’. The CEO of NITI Aayog said that in this meeting, important issues like manufacturing, services, rural and urban non-agricultural sectors, informal sectors, green and circular economy were discussed. Subrahmanyam said, “India is now standing at a turn from where its economy can move at a very fast pace. We are on the take-off stage.”
According to the IMF, India’s nominal GDP has reached 4.187 trillion dollars, which is slightly higher than Japan’s estimated GDP 4.186 trillion.
India’s achievement is due to strong domestic demand, favorable demographic trends and policy reforms. India’s economy is maintaining an annual growth rate of 6-7%, while Japan’s economy has suffered losses due to global trade tension and policy change.
India’s fourth largest economy will have many impacts on the global level
Increase in global impact:
India’s impact will increase in international forums such as G20 and IMF.
Investment Hub:
Foreign Direct Investment (FDI) will increase further in India, as global companies are seeing India as an attractive market.
Regional stability:
Strong strategic partnership between India and Japan, such as Chandrayaan-5 and military cooperation, will promote stability in the Indo-Pacific region.
Economic Leadership:
After this achievement, India has come closer towards the Global Economic Leadership. If India overtakes Germany by 2028, then the leadership will be stronger.
What is GDP?
GDP is used to track economy health. It shows the value of all the goods and service created within a fixed time within the country. It also includes foreign companies that produce by staying inside the country’s border.
There are two types of GDP. Real GDP and Nominal GDP
In Real GDP, the calculation of goods and service values is performed at the value or stable price of the base year.
The calculation of Nominal GDP is done at the current price.
