New Delhi, May 25 (PTI) India has become the fourth largest economy in the world, which has overtaken Japan, BVR Subrahmanyam, CEO of Niti Aog.
Subrahmanyam said that the overall geo -political and economic environment is compatible with India. He said, “We are the fourth largest economy as I speak. We are a USD 4 trillion economy as I say,” he said.
Citing IMF data, Subrahmanyam said that India is larger than Japan today. By 2024, India was the fifth largest economy in the world.
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“This is only the US, China and Germany which is larger than India, and if we are planning and what is being thought in 2.5-3 years, we will be the third largest economy,” Subrahmanyam said.
The International Monetary Fund (IMF), in a report released by its World Economic Outlook (WEO) in April, said that India is expected to be the fourth largest economy in the world, which moves beyond Japan in 2025 to USD 4.19 Trillian GDP in 2025.
The IMF stated that India’s nominal GDP for 2025 (FY26) is expected to be US $ 4.187 billion, more than Japan’s potential GDP, which is estimated to be USD 4.187 billion.
According to IMF data, India’s per capita income has doubled from 1,438 in 2013-14, USD 2,880 in 2025 in 2025.
The IMF in its WEO report also stated that the Indian economy is estimated to increase by 6.2 percent in 2025–26, which is already a slower than the estimated rate of 6.5 percent, due to increased trade stress and global uncertainty.
The IMF said, “For India, the development approach is relatively more stable at 6.2 percent in 2025, especially supported by personal consumption in rural areas.”
According to the report, global development is 2.8 percent in 2025, which is earlier estimated 0.5 percent less. In 2026, the global economy is estimated to increase by 3 percent.
NITI Aayog Appract Paper is titled “Vikasit state @ 2047”, which is considered part of the world’s ‘delicate five’ economies, India became the top five economies in the world in just a decade.
The World Bank defines high-age countries as more than 14,005 USD (2024–25). India has the ability to be a high-oriented country by 2047. The approach paper said that a watched India @ 2047 would be a USD 30 trillion economy.
“It will have all the characteristics of a developed country with per capita income which is comparable to the high-ie countries of the world today;
According to the paper, to achieve the target of Vikasat India by 2047, a total outline for strategic interventions and reforms based on six major building blocks, a total of 26 subjects covered in all building blocks have been identified.
There are six major building blocks: macro-economic goals and strategy; Strong citizens; A rich and durable economy; Technology and innovation leadership; A global leader, the world brothers; Enabling factors – governance, security and justice distribution. PTI BKS Shri
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