India to become 4th largest economy: According to the latest World Economic Outlook of the International Monetary Fund (IMF) for April 2025, India will overtake Japan in 2025 to become the fourth largest economy in the world. India’s nominal GDP is expected to be $ 4187.017 billion for 2025 (FY 26), slightly higher than Japan’s potential GDP, which is estimated at $ 4186.431 billion. India was the fifth largest economy in the world by 2024, but according to the latest IMF estimates, it is expected to become its fourth largest economy in the current year.
India will become the third largest economy in the world by 2028
Not only this, India will become the third largest economy in the coming years, leaving behind Germany. It is estimated that by 2028 India’s GDP will reach $ 5584.476 billion, which will be more than $ 5251.928 billion in Germany. In 2027, India will become a $ 5 trillion economy with a GDP of $ 5069.47 billion. The United States and China will remain the world’s two largest economies by 2025. The US and China are expected to remain in this ranking by 2030.
India’s GDP doubled in 10 years
India’s economy has doubled in the last 10 years. This economic growth is the fastest in the world. According to data from the International Monetary Fund (IMF), India’s GDP has increased by 105% in the last decade. India’s GDP is currently $ 4.3 trillion. In 2015 it was $ 2.1 trillion.
IMF reduced India’s GDP growth estimate
The IMF has warned in its latest world economic scenario that the global economic system, under which most countries have been working for the last 80 years, are being rebuilt, which will enters the world a new era. The IMF in its report has reduced India’s GDP growth estimate to 6.2% for 2025. This is less than the previous forecast of 6.5% published in the January Outlook report.
India’s development possibilities are relatively stable in 2025
US President Donald Trump’s tariff decisions are being held responsible for the decline in the country’s GDP (GDP) growth forecast. The IMF report said, “For India, the development prospects in 2025 remain stable at 6.2 percent, which is supported by personal consumption, especially in rural areas, but this rate is 0.3 percent lower than the WEO update of January 2025 due to high levels of trade stress and global uncertainty.”
