India has become the world’s fourth-largest economy, surpassing Japan, according to NITI Aayog CEO B.V.R. Subrahmanyam on 24 May 2025. India’s GDP now stands at $4.3 trillion, as per IMF data, placing it behind only the US ($30.5 trillion), China ($19.2 trillion), and Germany. India is expected to overtake Germany within 2.5 to 3 years to become the third-largest economy.
The IMF projects India will remain the fastest-growing major economy, with a growth rate exceeding 6% annually over the next two years. India’s GDP has doubled from $2.1 trillion in 2015, and is projected to reach $5.5 trillion by 2028. Meanwhile, Germany is expected to see zero growth in 2025, making it vulnerable in the global economic race due to trade tensions.
