India Rises to Fourth Largest Economy

India Rises to Fourth Largest Economy : Recently, India officially became the world’s fourth-largest economy, surpassing Japan, according to the latest data from the International Monetary Fund (IMF).

• As per IMF's World Economic Outlook, India :

o Recently reaffirmed as the fastest-growing major economy globally.

o The only major economy projected to sustain growth above 6% over the next two years.

o India’s GDP has more than doubled from $2.1 trillion in 2015 to $4.3 trillion in 2025.

o Projected to reach $5.5 trillion by 2028, surpassing Germany to become the world’s third-largest economy.