India surpasses Japan as World's fourth-largest economy
India has overtaken Japan to become the world's fourth-largest economy. According to NITI Aayog CEO BVR Subramanian, India's economy has now crossed $ 4 trillion. If the current growth policy continues, by 2027 or 2028, India can become the third largest economy by overtaking Germany.
India has overtaken Japan to become the world's fourth-largest economy. NITI Aayog CEO BVR Subrahmanyam has confirmed this information. He said that at present, the size of India's economy has increased to $ 4,000 billion, or $ 4 trillion.
Subramanian states that India currently ranks behind the US, China, and Germany. If India maintains its existing growth strategy, it could surpass Germany within the next 30 to 36 months. This projection suggests that by 2027 or 2028, India might become the world's third-largest economy, potentially reaching a $5 trillion valuation.
India's growth fastest in the world
Organizations like the International Monetary Fund (IMF) and the World Bank have also estimated India's economic growth rate to exceed 6 percent, making it the quickest among the world's major economies. As a result, India is anticipated to become the third-largest economy.
US President Donald Trump recently expressed his desire for Apple to produce its iPhones in the United States rather than in India or elsewhere. In response, BVR Subramaniam mentioned that the tariff rates have not yet been determined. However, considering the present circumstances, India is emerging as an affordable and attractive manufacturing location. Additionally, the CEO of the Policy Commission stated that the second phase of the government's asset sale process has been planned and will be announced in August.