India Becomes World’s Fourth-Largest Economy, Surpasses Japan: NITI Aayog CEO
India has officially overtaken Japan to become the world’s fourth-largest economy, NITI Aayog CEO BVR Subrahmanyam announced on Saturday. The country’s Gross Domestic Product (GDP) has crossed the $4 trillion mark, placing it just behind the United States, China, and Germany in global rankings.
Speaking after the 10th Governing Council meeting of the policy think tank, Subrahmanyam attributed this milestone to a mix of domestic reforms and favourable global economic conditions.
“As I speak, we are now the fourth-largest economy. We’ve reached a $4 trillion economy,” he said. “Only the US, China and Germany are ahead of us. If we stay the course, India could become the third-largest economy in just 2.5 to 3 years.”
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The development marks a significant moment for India as it strengthens its role in the global supply chain and continues its push under the ‘Make in India’ initiative.
Subrahmanyam also responded to recent remarks by U.S. President Donald Trump, who stated that iPhones sold in the U.S. should be manufactured domestically instead of countries like India.
“The specifics of future U.S. tariffs remain unclear,” he said, “but India will continue to offer a cost-competitive manufacturing base regardless of those dynamics.”
He also revealed that the government is preparing to roll out the second phase of its asset monetisation programme, expected in August, aimed at attracting new investments.
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India’s rise in the economic pecking order is expected to boost its global standing, enhance investor confidence, and accelerate reforms aimed at further liberalising the economy.
Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
