The US remains the world’s largest economy, followed by China.
“With GDP (gross domestic product) valued at $4.18 trillion, India has surpassed Japan to become the world’s fourth-largest economy, and is poised to displace Germany from the third rank in the next 2.5 to 3 years with a projected GDP of $7.3 trillion by 2030,” the Press Information Bureau said in the release, titled 2025: A Defining Year for India’s Growth.
It said India, the world’s fastest-growing major economy, is “well-positioned to sustain this momentum”.
The growth surprised on the upside with a six-quarter peak of 8.2% in the July-September period, on top of 7.8% in the previous quarter, “reflecting India’s resilience amid persistent global trade uncertainties”.
“Domestic drivers-led by robust private consumption-played a central role in supporting this expansion,” the release added.