India Surpasses Japan to Become the World’s Fourth-Largest Economy
New Delhi (Uttam Hindu News): There is good news for India's economy. According to the latest report of the International Monetary Fund (IMF), India has now become the fourth largest economy in the world, surpassing Japan. This achievement reflects the continuously strengthening economic condition of the country. The recently released 'World Economic Outlook' report by the IMF estimates that India's nominal GDP (gross domestic product) will grow to $4,187.017 billion in 2025.
At the same time, Japan's GDP size is estimated to be $4,186.431 billion. With these figures, India has moved up one place in the list of economic superpowers. Currently, only the US, China and Germany are ahead of India. The IMF report also estimates that India could soon overtake Germany to become the world's third largest economy.
According to IMF estimates, India can overtake Germany by 2028. Before this, India is expected to become a $5 trillion economy by 2027. If this estimate proves to be correct, then India's economy is estimated to be around $5,069.47 billion in 2027. At the same time, the size of India's GDP is expected to reach $5,584.476 billion by 2028, while Germany's GDP is estimated to be $5,251.928 billion in the same period.
According to the IMF's estimate, India's GDP can grow at the rate of 6.2% this year i.e. in 2025. It is worth noting that earlier in the report released in January, the IMF had estimated India's GDP growth to be 6.5%. The report also says that the world's two largest economies, America and China, can maintain their ranking for the next 10 years. The IMF report also emphasises that despite external factors like the 'Trump tariffs', India's economy remains the fastest growing major economy in the world. According to the report, India will be the only country in the world to maintain a growth rate of over 6% for the next two years.
Commenting on the global economic scenario, IMF Chief Economist Gita Gopinath said, “Our April 2025 World Economic Outlook projects weak global growth of 2.8 per cent, with growth rates falling in 127 countries, accounting for 86 per cent of global GDP.”