♦ According to the latest World Economic Outlook released by the International Monetary Fund (IMF).
♦ India will become the world’s fourth-largest economy in 2025, overtaking Japan.

♦ The report estimates India’s nominal GDP will reach 4,187.02 billion dollars next year (2026), marginally ahead of Japan’s 4,186.43 billion dollars.

♦ The IMF forecasts that India will continue to be the fastest-growing major economy, maintaining a growth rate above 6 percent over the next two years.

♦ In contrast, Japan is expected to see muted growth of just 0.6 percent in both 2025 and 2026, as the global trade slowdown weighs on its export-driven economy.

♦ India’s strong economic momentum is likely to propel it further up the global rankings.

♦ By 2028, the country’s GDP is projected to rise to 5,584.48 billion dollars, placing it ahead of Germany and making it the third-largest economy globally.