India has overtaken Japan as the world’s fourth-biggest economy — and officials hope to pass Germany within three years, the government‘s end-of-year economic review calculates.
“India is among the world’s fastest-growing major economies and is well-positioned to sustain this momentum,” read the government economic briefing note, which was released late Monday.
“With GDP valued at $4.18 trillion, India has surpassed Japan to become the world’s fourth-largest economy, and is poised to displace Germany from the third rank in the next two-and-a-half to three years, with projected GDP of $7.3 trillion by 2030.”
IMF projections for 2026 put India‘s economy at $4.51 trillion, compared with Japan’s $4.46 trillion. (AFP)
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