SOURCE : NEW18 NEWS
Last Updated:May 25, 2025, 13:05 IST
India has become the fourth largest economy, surpassing Japan, with a USD 4 trillion economy, said NITI Aayog CEO BVR Subrahmanyam.
India GDP overtakes Japan’s: NITI Aayog CEO
India GDP: India has become the world’s fourth largest economy, surpassing Japan, as announced by NITI Aayog CEO BVR Subrahmanyam on Saturday.
Following the 10th Governing Council meeting of NITI Aayog, Mr. Subrahmanyam informed reporters that the current geopolitical and economic climate is favorable for India.”As of now, we are the fourth largest economy and a USD 4 trillion economy,” he stated.
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Citing IMF data, Subrahmanyam said India today is larger than Japan.
Only the US, China, and Germany are currently larger than India. If we adhere to our plans and strategies, within 2.5 to 3 years, we will become the third-largest economy, said Mr. Subrahmanyam.
According to the IMF, India’s GDP is currently 4.19 trillion dollars. It ranks behind the USA, China, and Germany, whose GDPs are 30.51 trillion dollars, 19.23 trillion dollars, and 4.74 trillion dollars, respectively.
IMF Projects India’s GDP Growth At 6.2% In 2025
According to the April 2025 edition of the IMF’s World Economic Outlook, India’s economy is expected to grow by 6.2 per cent in 2025 and 6.3 per cent in 2026, maintaining a solid lead over global and regional peers.
The April 2025 edition of the WEO shows a downward revision in the 2025 forecast compared to the January 2025 update, reflecting the impact of heightened global trade tensions and growing uncertainty.
IMF Cuts Japan Growth Projection For 2025 Amid Tariff War
The International Monetary Fund revised its outlook for Japan, cutting its 2025 growth forecast to 0.6%, down from 1.1% projected in January. This downgrade reflects the expected negative impact of U.S. tariffs on Japan’s economic performance.
ICRA Projects India’s GDP At 6.9%
Ratings agency ICRA on Monday projected India’s GDP growth at 6.9 per cent in the quarter ended March 31, and at 6.3 per cent for the full financial year 2024-25, undershooting the National Statistics Office (NSO) estimates made in February.
The NSO is scheduled to release the provisional estimates of FY25 GDP and quarterly estimates for Q4 on May 30.
In February, the NSO had projected the Indian economy to grow at 6.5 per cent in 2024-25. To achieve the NSO’s projected 6.5 per cent growth in FY25, the GDP growth in Q4 or March quarter should be 7.6 per cent.
In FY25, the Indian economy in June, September and December quarters grew at 6.5 per cent, 5.6 per cent and 6.2 per cent, respectively.
(With PTI Inputs)
- First Published:
May 25, 2025, 09:37 IST
