India Surpasses Japan To Become World's Fourth Largest Economy, Says Government

India has surpassed Japan to become the world&#039;s fourth-largest economy with a size of $4.18 trillion, and is poised to overtake Germany to become the third-largest by 2030, the government has said. With continuing good growth numbers, India is also the world&#039;s fastest-growing major economy.India&#039;s real GDP grew 8.2% in the second quarter of 2025-26, up from 7.8% in the first quarter and 7.4% in the fourth quarter of the last fiscal.&#039;With GDP valued at $4.18 trillion, India has surpassed Japan to become the world&#039;s fourth-largest economy, and is poised to displace Germany from the third rank in the next 2.5 to 3 years with a projected GDP of $7.3 trillion by 2030,&#039; according to a government release providing a snapshot of reforms in 2025.The US is the world&#039;s largest economy, and China occupies the second spot.The growth momentum further surprised on the upside, with GDP expanding to a six-quarter high in Q2 of 2025-26, reflecting India&#039;s resilience amid persistent global trade uncertainties, it said.Domestic drivers, led by robust private consumption, played a central role in supporting this expansion. The release further said international agencies have echoed this optimism and cited projections made by various entities.The World Bank has projected a 6.5% growth in 2026; Moody&#039;s expects India to remain the fastest-growing G20 economy with a growth of 6.4% in 2026 and 6.5% in 2027.The IMF has raised its projections to 6.6% for 2025 and 6.2% for 2026; the OECD forecasts 6.7% growth in 2025 and 6.2% in 2026.Also, S&amp;amp;P anticipates a growth of 6.5% in the current fiscal and 6.7% in the next; the Asian Development Bank has lifted its 2025 forecast to 7.2%; and Fitch has raised its FY26 projection to 7.4% on stronger consumer demand.&#039;India is among the world&#039;s fastest-growing major economies and is well-positioned to sustain this momentum. With the ambition of attaining high middle-income status by 2047- the centenary year of its independence, the country is building on strong foundations of economic growth, structural reforms, and social progress,&#039; the government said.The release also highlighted that inflation remains below the lower tolerance threshold, unemployment is on a declining trajectory, and export performance continues to improve.Furthermore, financial conditions have stayed benign, with strong credit flows to the commercial sector, while demand conditions remain firm, supported by a further strengthening of urban consumption.

India Surpasses Japan To Become World's Fourth Largest Economy, Says Government

India's real GDP grew 8.2% in the second quarter of 2025-26, up from 7.8% in the first quarter

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