New Delhi: India has become the fourth-largest economy in the world, overtaking Japan. This was confirmed by BVR Subrahmanyam, CEO of NITI Aayog, at a press conference in New Delhi. He said the country’s economy has touched USD 4 trillion. The data comes from the International Monetary Fund (IMF).
Only Three Nations Ahead Now
Subrahmanyam said only the United States, China, and Germany are ahead of India now. He added that if India continues to follow the current plan, it could become the third-largest economy in the next 2 to 3 years.
IMF Report Backs the Claim
According to the IMF's April 2025 World Economic Outlook, India's GDP for fiscal 2026 is expected to be around USD 4,187 billion. Japan’s GDP is projected at USD 4,186 billion—slightly less than India’s.
Fastest-Growing Big Economy
India is expected to grow at 6.2 per cent in 2025 and 6.3% in 2026. This makes it the fastest-growing large economy in the world. In comparison, the global economy is likely to grow only by 2.8% in 2025 and 3% in 2026.
India at a Turning Point
The NITI Aayog CEO said India is at a turning point. He believes the country is ready for rapid growth. He also shared insights from the 10th Governing Council Meeting of NITI Aayog.
Focus Areas Discussed
During the meeting, the Centre and States discussed key areas for development. These included manufacturing, services, the rural non-farm sector, urban and informal economies, as well as the green and circular economy.
