New Delhi [India], May 25 (ANI): NITI Aayog Chief Executive Officer (CEO) BVR Subrahmanyam announced that India has surpassed Japan to become the world's fourth-largest economy, according to data from the International Monetary Fund.
Speaking at the 10th NITI Aayog Governing Council Meeting on 'Viksit Rajya for Viksit Bharat 2047', Subrahmanyam highlighted that India's economy has crossed the USD 4 trillion mark.
"We are the fourth largest economy as I speak. We are a USD 4 trillion economy as I speak, and this is not my data. This is IMF data. India today is larger than Japan. It's only the United States, China, and Germany which are larger," said BVR Subrahmanyam, CEO, NITI Aayog.
According to the IMF's April edition of the World Economic Outlook report, India's nominal GDP for fiscal 2026 is projected to reach around USD 4,187.017 billion, surpassing Japan.
The IMF forecasts that India will continue to be the fastest-growing major economy, with a growth rate of 6.2 per cent in 2025 and 6.3 per cent in 2026, outperforming global and regional peers.
India is expected to maintain its position as the fastest-growing large economy in 2025 and 2026, showcasing its dominance in the global economic landscape.
NITI Aayog CEO emphasized that India is at a pivotal stage where rapid growth is possible, indicating a turning point for the country.
During the Governing Council Meeting, discussions were held on strategies for various sectors including manufacturing services, rural, non-farm, urban, informal, and green economy sectors.
"We had sub-themes for manufacturing services, rural, non-farm, urban, informal, and the green economy, as well as the circular economy. These were the broad themes that were there," Subrahmanyam explained.
