Overview

• India has overtaken Japan to become the world's fourth-largest economy, achieving a $4 trillion GDP, according to IMF data.
• NITI Aayog CEO BVR Subrahmanyam highlighted that only the United States, China, and Germany now rank above India in economic size.
• India is projected to remain the fastest-growing major economy through 2025 and 2026, with growth rates of 6.2% and 6.3% respectively.
• Subrahmanyam stated that India could become the third-largest economy within 2.5 to 3 years if current strategies are implemented effectively.
• Prime Minister Narendra Modi has urged states and union territories to collaborate on making India a developed nation by 2047.