IMF: India’s GDP ready to overtake Japan in this financial year
New Delhi| India is on track to overtake Japan to become the world’s fourth largest economy by Q3 FY 2024-25. The International Monetary Fund (IMF) has made this claim.
The country’s gross domestic product (GDP) has more than doubled in the last decade, from $2.1 trillion in 2015 to an estimated $4.3 trillion in 2025.
IMF data shows that India, currently the fifth largest economy, is approaching Japan, which has a GDP of $4.4 trillion. India’s economy has grown by 105% in the last ten years, while Japan’s GDP has remained stable.
If India continues on this growth path, it could overtake Germany, the world’s third-largest economy, with a GDP of $4.9 trillion by the second quarter of 2027.
