India Becomes the World’s Fourth-Largest Economy

On 24th May, 2025, NITI Aayog CEO B.V.R. Subrahmanyam announced that according to IMF data India has surpassed Japan to become the fourth-largest economy globally.

Key Points

$4.3 Trillion Economy: India’s GDP has crossed $4 trillion, up from $2.1 trillion in 2015, doubling in just a decade.
Fastest-Growing Major Economy: IMF forecasts India will remain the only major economy with over 6% growth over the next two years.
On Track to Third Rank: India is projected to overtake Germany by 2028 to become the world’s third-largest economy.
Germany’s Stagnation: The IMF projects zero growth for Germany in 2025 and just 0.9% in 2026 due to the global trade war.
Global GDP Standings: U.S. leads at $30.5 trillion, followed by China at $19.2 trillion, with Germany currently third and India now fourth.