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India To Surpass Japan As 4th Largest Economy By 2025: Amitabh Kant
The Business Guardian
|May 13, 2024
Amitabh Kant, India's G20 Asherpa and former CEO of Niti Aayog, highlighted several positive macroeconomic indicators and forecasted that India is poised to surpass Japan and become the world's fourthlargest economy by 2025.
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Currently, India ranks fifth in terms of GDP size, following the US, China, Germany, and Japan. India surpassed the UK in 2022 to attain this position.
Just ten years ago, India's GDP ranked eleventh globally. Presently, India's GDP is estimated at approximately USD 3.7 trillion.
Some highlights of India's journey to the top 5 economies of the world in 2024 from Fragile 5 in 2013, according to Kant, among others, record GST collection, over 8 per cent GDP growth in the past three quarters, trading in Indian currency Rupee with various countries (to be precise 27), inflation at manageable levels.
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