India has overtaken Japan to become the world’s fourth-largest economy, reaching a nominal GDP of USD 4 trillion, announced NITI Aayog CEO BVR Subrahmanyam.
According to the International Monetary Fund (IMF), India's economy now surpasses Japan's, which had been the fourth-largest until 2024.
Subrahmanyam highlighted that only the United States, China, and Germany have larger economies. If current growth plans continue, India is expected to become the third-largest economy within 2 to 3 years.
The IMF projects India's nominal GDP to reach approximately USD 4,187 billion in 2026, slightly higher than Japan's estimated USD 4,186 billion.
India is also forecasted to remain the fastest-growing major economy, with growth rates of 6.2% in 2025 and 6.3% in 2026, significantly higher than the global average of around 3%. This rapid growth positions India as a key player in the global economic landscape, reflecting its expanding influence and economic potential.
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