India Surpasses Japan to Become the World’s 4th Largest Economy
Share
India has officially surpassed Japan to become the fourth-largest economy globally, as announced by NITI Aayog CEO B.V.R. Subrahmanyam during the 10th Governing Council meeting in New Delhi. Citing data from the International Monetary Fund (IMF), Subrahmanyam stated that India’s nominal GDP stands at $4.19 trillion, slightly ahead of Japan’s $4.18 trillion.
This achievement is attributed to several factors, including strong domestic consumption, robust performance in global trade, and favorable geopolitical and economic conditions. India’s per capita income has also seen significant growth, doubling from $1,438 in 2013-14 to $2,880 in 2025.
Looking ahead, India aims to continue its upward trajectory, with projections to surpass Germany and become the third-largest economy within the next 2.5 to 3 years. The IMF forecasts India’s GDP to reach $5.7 trillion by 2028, further solidifying its position in the global economic landscape.
Prominent figures have lauded this milestone. Industrialist Anand Mahindra described it as a “dream come true,” emphasizing the importance of continued reforms and focusing on improving per capita GDP. Bollywood actor Amitabh Bachchan also expressed his pride, calling it an “incredible achievement.”
This development marks a significant step in India’s economic journey, reflecting its growing influence and resilience on the global stage.
