India has officially overtaken Japan to become the world's fourth-largest economy, with a nominal GDP of approximately $4.187 trillion, according to NITI Aayog CEO B.V.R. Subrahmanyam, citing International Monetary Fund (IMF) data. This milestone reflects India's rapid economic growth and its rising influence on the global stage.
Key Points:
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Economic Milestone Achieved:
India's nominal GDP has reached $4.187 trillion, marginally surpassing Japan's $4.186 trillion, positioning India behind only the United States, China, and Germany in global economic rankings.
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Rapid Growth Trajectory:
India continues to be the world's fastest-growing major economy, with projections indicating a GDP of $5.58 trillion by 2028, potentially overtaking Germany to become the third-largest economy.
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Per Capita Income Doubling:
India's per capita income has doubled over the past decade, from $1,438 in 2013-14 to $2,880 in 2025, reflecting improved living standards and economic development.
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Public and Industry Reactions:
Prominent figures like industrialist Anand Mahindra and actor Amitabh Bachchan have lauded the achievement, emphasizing the importance of sustained growth and national pride.
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Future Outlook:
NITI Aayog's CEO anticipates that if current economic policies and reforms continue, India could ascend to the third-largest economy within the next 2.5 to 3 years.
This development underscores India's significant progress in economic growth and its emerging role as a global economic powerhouse.