New Delhi: The Central Government has announced that India has overtaken Japan to become the world’s fourth-largest economy. According to official estimates, India’s economy has grown to a size of USD 4.18 trillion. The next target is to surpass Germany and become the third-largest economy by 2030.
India recorded an economic growth rate of 8.2 percent in the second quarter of 2025–26, compared to 7.8 percent in the first quarter. This marks a significant rise from the 7.4 percent growth recorded in the fourth quarter of the previous financial year. The government aims to grow the economy to USD 7.3 trillion within the next three years, enabling India to overtake Germany. The United States and China currently occupy the first and second positions, respectively.
Government data indicate that factors such as increased consumption have played a major role in driving India’s economic growth. The Centre has reiterated its commitment to transform India into a developed nation by 2047, a goal that Prime Minister Narendra Modi has repeatedly emphasized, stating that sustained efforts are already underway to achieve this vision.
