India overtakes Japan, set to surpass Germany to become third-largest economy by…

India is also the fastest growing major economy with a size of US$ 4.18 trillion.

India has become the world’s fourth largest economy, overtaking Japan, the central government said on Tuesday. Stating that India is currently the fastest growing major economy with a size of 4.18 trillion US dollars (USD), the government added that the country is on its way to become the world’s third largest economy by overtaking Germany by 2028. Currently, the United States is the world’s largest economy, followed by India’s neighbor China.

In a statement made by the Press Information Bureau (PIB), it was stated that India’s gross domestic product (GDP) is expected to reach US$ 7.3 trillion in the next five years. “With a GDP of US$ 4.18 trillion, India has surpassed Japan to become the fourth largest economy in the world and is poised to displace Germany from the third position in the next 2.5 to 3 years, with a projected GDP of US$ 7.3 trillion by 2030,” the government agency said. he said.

The PIB statement stated that India’s real GDP increased by 8.2 percent in the second quarter (Q2) of the financial year 2025-26, marking a jump from the 7.8 percent growth in the first quarter. This growth was “driven by resilient domestic demand amid global trade and policy uncertainties,” the statement said. It was emphasized that the Reserve Bank of India (RBI) revised its GDP growth forecast for the 2025-26 financial year from 6.8 percent to 7.3 percent. “The World Bank forecasts 6.5 percent growth in 2026; Moody’s expects India to remain the fastest growing G20 economy with 6.4 percent growth in 2026 and 6.5 percent in 2027; the IMF raised its forecasts to 6.6 percent for 2025 and 6.2 percent for 2026,” the PIB statement said.