In a historic development, India has emerged as the world’s fourth-largest economy in nominal gross domestic product (GDP) terms, surpassing Japan in 2025. According to the International Monetary Fund (IMF) and confirmed by Niti Aayog, India’s GDP is USD 4.19 trillion, just edging past Japan’s USD 4.18 trillion, and racing on this growth trajectory to become the world’s 3rd largest economy by 2028, overtaking Germany. It will then rank behind only the US (USD 30.5 trillion) and China (USD 19.2 trillion).

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