The government report said that India’s economy has been growing rapidly for the last several years and its size has almost doubled in the last decade.
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India Becomes Fourth Largest Economy: This is great news for India before the start of the new year. According to the government’s annual economic review report, India has surpassed Japan to become the world’s fourth largest economy based on gross domestic product (GDP).
India becomes the fourth largest economy!
According to the government, with a GDP of $4.18 trillion, India now ranks fourth globally, though this will be finally confirmed by the International Monetary Fund (IMF), whose official figures are expected to be released in the first half of 2026. If the current pace continues, India could also become the world’s third-largest economy in the next two and a half to three years, surpassing Germany with an estimated GDP of $7.3 trillion.
The government report states that India’s economy has been growing rapidly for several years and has nearly doubled in size over the past decade. The country’s GDP growth rate in the second quarter of the fiscal year 2025-26 was 8.2 percent, the highest in six years.
India is growing at a rapid pace
Despite global trade challenges, strong domestic demand has supported the Indian economy. Growth in the first quarter of fiscal year 2024-25 was 7.8 percent, while in the fourth quarter it remained at 7.4 percent.
The government stated that strong domestic demand, institutional reforms, balanced monetary policy, and price stability have created a favorable “Goldilocks” situation for the Indian economy, where a balance between growth and inflation is maintained. Consequently, domestic and international institutions are projecting that the Indian economy will emerge stronger in the coming years and its role on the global economic stage will be further strengthened.
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