India has surpassed Japan to become the fourth-largest economy in the world, reaching a nominal GDP of USD 4 trillion, according to NITI Aayog CEO BVR Subrahmanyam. India was the fifth-largest economy in the world till 2024.
This significant milestone was announced during a press briefing following the 10th NITI Aayog Governing Council meeting on ‘Viksit Rajya for Viksit Bharat 2047’. Citing data by the International Monetary Fund (IMF), Subrahmanyam said that India’s economy has reached the USD 4 trillion mark.
“We are the fourth largest economy as I speak. We are a USD 4 trillion economy as I speak, and this is not my data. This is IMF data. India today is larger than Japan. It’s only the United States, China, and Germany which are larger, and if we stick to, you know, what is being planned, what is being thought through, it’s a matter of another 2, 2.5 to 3 years; we would become the third largest economy,” said Subrahmanyam.
“It’s only the United States, China, and Germany that are larger, and if we stick to what is being planned, what is being thought through, it’s a matter of another 2, 2.5 to 3 years; we would become the third largest economy,” Subrahmanyam added.
