India Overtakes Japan As 4th-Largest Economy
An anonymous reader quotes a report from DW: India has surpassed Japan to become the world's fourth-largest economy, according to calculations in the Indian government's end-of-year economic review. On current trends, India is expected to overtake Germany to become the world's third-largest economy within the next three years, the review said. The review said India's gross domestic product has already reached about $4.18 trillion, and is projected to reach $7.3 trillion by 2030. On current trends, it said, India would trail only the United States and China in economic heft. India's real GDP grew 8.2% in the second quarter of the 2025-26 financial year, up from 7.8% in the previous quarter and marking a six-quarter high. Export performance has also strengthened, the review noted. Merchandise exports rose to $38.13 billion in November, up from $36.43 billion in January, supported by engineering goods, electronics, pharmaceuticals, and petroleum products. Official confirmation however depends on data due in 2026 when final annual GDP figures are released. The International Monetary Fund suggests India will surpass Japan next year. The Reserve Bank of India has revised its growth forecast for the 2025-26 financial year upward to 7.3%. Read more of this story at Slashdot.
An anonymous reader quotes a report from DW: India has surpassed Japan to become the world's fourth-largest economy, according to calculations in the Indian government's end-of-year economic review. On current trends, India is expected to overtake Germany to become the world's third-largest economy within the next three years, the review said.
The review said India's gross domestic product has already reached about $4.18 trillion, and is projected to reach $7.3 trillion by 2030. On current trends, it said, India would trail only the United States and China in economic heft. India's real GDP grew 8.2% in the second quarter of the 2025-26 financial year, up from 7.8% in the previous quarter and marking a six-quarter high.
Export performance has also strengthened, the review noted. Merchandise exports rose to $38.13 billion in November, up from $36.43 billion in January, supported by engineering goods, electronics, pharmaceuticals, and petroleum products. Official confirmation however depends on data due in 2026 when final annual GDP figures are released. The International Monetary Fund suggests India will surpass Japan next year. The Reserve Bank of India has revised its growth forecast for the 2025-26 financial year upward to 7.3%.
