India’s Economy Soars: Fourth Largest Globally as Ambitions Set High
In a bold declaration echoing through the financial world, India has officially leapfrogged Japan to become the world’s fourth-largest economy. This landmark achievement, unveiled by the NITI Aayog (National Institution for Transforming India), a government think tank, signifies a significant shift in global economic power dynamics.
NITI Aayog’s CEO, Subrahmanyam, made the announcement during a press conference, highlighting that India’s economy has surged past the $4 trillion mark, positioning it just behind the United States, China, and Germany.
“If we maintain our current trajectory and effectively execute our strategies, we are poised to become the third-largest economy within the next three years,” Subrahmanyam stated, citing data from the International Monetary Fund.
Adding fuel to the fire, economists note that India’s impressive 6.5% economic growth rate for the 2024-2025 fiscal year remains the highest among major economies. This robust performance fuels the country’s ambitious goals.
The announcement also comes as Prime Minister Modi re-emphasized his administration’s long-term vision of transforming India into a developed nation by 2047. Speaking at a public event, Modi expressed his optimism, celebrating the milestone.
The image depicts the PM Modi.
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