Indian Economy News

India to become world’s 4th largest economy by 2025 by overt taking Japan, predicts Amitabh Kant

India’s G20 Sherpa and former CEO of Niti Aayog Mr. Amitabh Kant has articulated India's trajectory to surpass Japan and emerge as the world's fourth-largest economy by 2025. This projection is grounded in a series of favourable macroeconomic indicators. Currently ranking fifth globally in GDP, behind the United States, China, Germany, and Japan, India has made significant strides, overtaking the United Kingdom in 2022.

Over the past decade, India's economic growth has been notable, elevating it from the status of the "Fragile 5" in 2013 to one of the top five economies in 2024. Key drivers of this advancement include record GST collections, sustained GDP growth exceeding 8% for three consecutive quarters, the expanded use of the Indian rupee for trade with 27 nations, and inflation levels within manageable bounds.

As of present, India's GDP is estimated to be approximately US$ 3.7 trillion, reflecting a remarkable ascent from its position as the eleventh largest economy globally merely a decade ago. Mr. Amitabh Kant's assessment underscores the robustness of India's economic trajectory, signalling its potential to achieve substantial growth and global prominence in the coming years.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.