India has officially overtaken Japan to claim the position of the world’s fourth-largest economy. According to B.V.R. Subrahmanyam, CEO of NITI Aayog, india is now well-positioned to perhaps surpass Germany within the next 2.5 to 3 years, securing the third rank globally. Subrahmanyam addressed the media following the tenth Governing Council Meeting of NITI Aayog in New Delhi, stating that India’s economy now stands at ‘four trillion dollar’, based on data from the IMF.Currently, only the economies of the united States, China, and Germany are larger than that of India.

The IMF has indicated in a recent report that India is expected to maintain its status as the world’s fastest-growing major economy. The World Economic Outlook report from the IMF earlier this month highlighted that India is projected to be the only country to achieve a growth rate exceeding 6 per cent in the coming two years. The IMF estimates India’s current GDP at 4.3 trillion dollar, a significant increase from 2.1 trillion dollar in 2015, effectively more than doubling its economic output.

Future Projections and Global Context

The report further suggests that India’s GDP will likely reach 5.5 trillion dollar by 2028,surpassing Germany to become the third-largest economy worldwide.

India is now a ‘four trillion dollar’ economy as per the IMF data.

Conversely, the IMF forecasts a zero growth rate for germany in 2025, with a marginal increase of 0.9 per cent in 2026. Germany is anticipated to be among the hardest-hit European nations due to ongoing global trade tensions.

In comparison, the US, the world’s largest economy, is projected to have a GDP of 30.5 trillion dollar in 2025, while China, the second-largest, is expected to reach approximately 19.2 trillion dollars.