India on the Brink of Global Economic Top 3 After Hitting No. 4
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| Credit _ OPINDIA |
India is now officially the world’s fourth-largest economy, overtaking Japan in terms of nominal GDP, according to the International Monetary Fund’s (IMF) April 2025 report. India’s GDP is projected to reach $4.187 trillion, just ahead of Japan's estimated $4.186 trillion.
This milestone highlights India's rapid economic progress, having already surpassed the UK in 2022 to become the fifth-largest economy.
What’s Next?
The IMF and other financial institutions forecast that India is on track to become the third-largest economy by 2028, overtaking Germany. At that point, India’s economy is expected to grow to over $5.5 trillion, driven by strong domestic demand, expanding infrastructure, and a young, dynamic workforce.
Growth Drivers
>Strong domestic consumption
>Rapid digital and infrastructure expansion
>Policy reforms and manufacturing push under “Make in India”
>High foreign investment interest
Despite some global headwinds, India remains one of the fastest-growing major economies, with the IMF forecasting 6.2% growth in 2025, while Moody’s places it between 5.5–6.5%.
Challenges Ahead
However, India’s journey to the No. 3 spot isn’t without hurdles. Risks such as:
>Global trade tensions
>Supply chain disruptions
>Domestic structural challenges
may slow progress if not addressed effectively.
Government’s Vision
Prime Minister Narendra Modi has reiterated the government's ambition to not just stop at 4th place, but to strategically move India into the top 3. Policies focusing on infrastructure, digitalization, and industrial growth are key pillars of this vision.
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