US EditionIndia Says Its Economy Has Overtaken Japan, Eyes Germany
India’s GDP reached $4.18 trillion, surpassing Japan, with the International Monetary Fund projecting India will outpace Japan in 2026 and target Germany’s rank soon.
- On Monday, the Government of India said its end-of-year review shows India has overtaken Japan as the world's fourth-largest economy, pegging GDP at $4.18 trillion.
- Reserve Bank of India data show FY 2025-26 growth forecast raised to 7.3% from 6.8%, while Prime Minister Narendra Modi this year enacted tax cuts and labour reforms after a growth slowdown.
- Merchandise data indicate exports rose to $38.13 billion in November from $36.43 billion in January, even as the rupee dropped around 5% in 2025 amid Washington tariffs.
- The report warns that despite India’s rising economic size, GDP per capita was $2,694 in 2024, and over a quarter of its 1.4 billion people are aged between 10 and 26, indicating employment challenges.
- Official confirmation hinges on data due in 2026 as the IMF projects India at $4.46 trillion next year, while the government projects GDP reaching $7.3 trillion.
33 Articles
33 Articles
India is projected to surpass Germany to become the world's third-largest economic powerhouse by 2030. The government has expressed confidence that with a strong economic foundation, India's GDP will reach $7.3 trillion by 2030.
In the ranking of the largest economies, India has displaced Japan from fourth place. Now, the most populous state in the world wants to overtake Germany. By 2030, the Indian gross domestic product is expected to rise to 7.3 trillion dollars.
leprogres.fr
republicain-lorrain.frIndia claims to have become the fourth largest economy in the world, ahead of Japan. According to the government, its goal is now to surpass Germany.
India has become the world's fourth largest economy, ahead of Japan, and the authorities hope that it will exceed Germany within three years, according to the end-of-year economic balance sheet established by the government.
Coverage Details
Bias Distribution
- 43% of the sources are Center, 43% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
