Is India Really Making a Giant Leap Towards Viksit Bharat?
Click to start listening
Synopsis
India has achieved a significant economic milestone by becoming the fourth-largest economy globally, surpassing Japan. Union Minister Jitendra Singh credits PM Narendra Modi for this achievement, while experts predict even greater growth in the near future. Learn how India is positioning itself for further success on the global economic stage.
Key Takeaways
- India's Economic Achievement: India has become the fourth-largest economy globally.
- Leadership Role: Prime Minister Narendra Modi's leadership is credited for this success.
- IMF Data: India’s economy is valued at $4 trillion, according to the IMF.
- Future Growth: India aims to surpass Germany in the next 2.5 to 3 years.
- Global Economic Landscape: India is the fastest-growing major economy.
New Delhi, May 25 (NationPress) Celebrating India's recent economic achievement, Union Minister of State (Independent Charge) for Science and Technology and Earth Sciences, Jitendra Singh, remarked on Sunday that the nation has made "a swift advancement, a momentous leap...towards #ViksitBharat" under the guidance of Prime Minister Narendra Modi.
These statements followed the official announcement that India has overtaken Japan to secure its position as the world’s fourth-largest economy.
“Thank you, PM @narendramodi, for facilitating this achievement,” Singh shared on the social media platform X, expressing joy over India’s improvement in global economic standings.
The Minister's comments resonated with a sense of optimism within government circles after NITI Aayog CEO B.V.R. Subrahmanyam disclosed that India has now reached a $4 trillion economy, according to data from the International Monetary Fund (IMF).
During a press briefing after the 10th NITI Aayog Governing Council Meeting, Subrahmanyam confirmed, “As I speak, we are the fourth largest economy. We stand at a USD 4 trillion economy as I speak, and this is not merely my assertion; this is based on IMF data. India is now larger than Japan.”
At present, only the United States, China, and Germany rank above India in nominal GDP.
"It’s solely the US, China, and Germany that are ahead, and if we maintain our current trajectory, in approximately 2.5 to 3 years, we will ascend to the position of the third-largest economy," Subrahmanyam noted.
The latest IMF World Economic Outlook, released earlier this month, forecasts India’s GDP to reach $4.187 trillion by 2025, slightly surpassing Japan’s $4.186 trillion, thereby solidifying India’s status as the fourth-largest economy.
Looking forward, Subrahmanyam indicated that if India adheres to its economic strategy, it could overtake Germany and become the third-largest economy within the next 2.5 to 3 years.
The IMF report also emphasized India’s resilience as the fastest-growing major economy globally, predicting a growth rate exceeding 6 percent in the upcoming years—significantly outpacing stagnant European economies and a decelerating China.
Point of View
The recent announcement of India becoming the fourth-largest economy signifies a moment of pride and optimism. It highlights the effectiveness of current economic policies and leadership. The potential for further growth underscores the importance of strategic planning and execution in maintaining this upward trajectory. As the nation moves towards becoming a major global player, the focus must remain on sustainable development and inclusive growth.
NationPress
21/07/2025
Frequently Asked Questions
What is India's current economic ranking?
India is currently the fourth-largest economy in the world, surpassing Japan.
Who is the Union Minister discussing this milestone?
The Union Minister discussing this milestone is Jitendra Singh, who is in charge of Science and Technology and Earth Sciences.
What economic milestone has India achieved recently?
India has achieved the status of a $4 trillion economy, as confirmed by the IMF.
Which countries rank higher than India in terms of GDP?
The countries that rank higher than India are the United States, China, and Germany.
What is the projected growth rate for India's economy?
India's economy is projected to grow at over 6 percent in the coming years.
