India has become the fourth largest economy in the world, leaving behind Japan. The Chief Executive Officer (CEO) of NITI Aayog, BVR Subrahmanyam confirmed this citing data from the International Monetary Fund.
Addressing the press conference of the 10th meeting of the NITI Aayog Governing Council on the subject of ‘Developed India 2047’, Subrahmanyam said that India’s economy has reached US $ 4 trillion US $.
NITI Aayog CEO BVR Subrahmanyam said, “When I am speaking, we are the fourth largest economy. When I am speaking, we are 4 trillions of US dollar economy and it is not my data. It is IMF data today. Today India is bigger than Japan. Only the United States, China and Germany are bigger than that and if we are planning, as we are planning, it is being planned, then it is being planned. It is a matter of 2.2.5 to 3 years; we will become the third largest economy. “
Subrahmanyam said, “Only the United States, China and Germany are older than this, and if we maintain our plan and thinking, it is the next 2, 2.5 to 3 years thing; we will become the third largest economy.”
According to the April version of the IMF’s World Economic Acceleration Report, the nominal GDP for FY 2026 is expected to reach US $ 4,187.017 billion. This is slightly higher than Japan’s potential GDP, which is estimated at US $ 4,186.431 billion.
India was the fifth largest economy in the world by 2024.
The global financial institution estimates that India will remain the fastest growing major economy in the next two years. The April 2025 edition of the IMF’s World Economic Scented states that India’s economy is expected to grow at 6.2 percent in 2025 and 6.3 percent in 2026, which will maintain a solid lead over global and regional counterparts.
It is estimated that India will remain the fastest growing large economy by 2025 and 2026, which will reinforce its dominance in the global economic scenario. Conversely, the IMF has estimated that the global economic growth rate will be quite low, which would be 2.8 percent in 2025 and 3.0 percent in 2026, which highlights India’s extraordinary better performance.
The CEO of NITI Aayog further said that India is at a critical turn and is at a phase where it can develop very fast.
Sharing more information on the matters discussed during the Governing Council meeting, the CEO of NITI Aayog said that the Center and the states discussed strategies for the areas of manufacturing services, rural, non-agricultural, urban, informal and green economy.
Describing other details of the meeting held in New Delhi on Saturday, Subrahmanyam said, “We had sub-subjects for manufacturing services, rural, non-agricultural, urban, informal and green economy as well as a cyclical economy. These were widespread subjects.”
