Overview
- India has officially overtaken Japan to become the fourth-largest economy globally, with a nominal GDP of $4 trillion, according to IMF data.
- NITI Aayog CEO BVR Subrahmanyam highlighted that this milestone reflects India's robust economic reforms, digital infrastructure, and consumption-driven growth.
- Projections indicate India will maintain its position as the fastest-growing major economy, with annual growth rates of 6.2% in 2025 and 6.3% in 2026.
- India is expected to surpass Germany to become the third-largest economy within the next 2.5 to 3 years if current strategies are sustained.
- A second phase of asset monetization is planned for August 2025, aiming to further drive infrastructure investment and economic expansion.