Government of India announces India overtakes Japan to become world’s fourth-largest economy at USD 4.18 trillion

Key facts

• India has surpassed Japan to become the world's fourth-largest economy with a GDP of USD 4.18 trillion.
• India is poised to overtake Germany to become the third-largest economy by 2030 with a projected GDP of USD 7.3 trillion.
• India's real GDP grew 8.2 per cent in the second quarter of 2025-26, up from 7.8 per cent in the first quarter and 7.4 per cent in the fourth quarter of the last fiscal.
• The World Bank has projected a 6.5 per cent growth in 2026.
• Moody's expects India to remain the fastest-growing G20 economy with a growth of 6.4 per cent in 2026 and 6.5 per cent in 2027.
• The IMF has raised its projections to 6.6 per cent for 2025 and 6.2 per cent for 2026.
• The OECD forecasts 6.7 per cent growth in 2025 and 6.2 per cent in 2026.
• S&P anticipates a growth of 6.5 per cent in the current fiscal and 6.7 per cent in the next.
• The Asian Development Bank has lifted its 2025 forecast to 7.2 per cent.
• Fitch has raised its FY26 projection to 7.4 per cent on stronger consumer demand.