India GDP: India has achieved a major economic milestone. The country has officially overtaken Japan to become the world’s fourth-largest economy, according to the latest announcement from NITI Aayog.
$4 Trillion GDP Achieved
NITI Aayog Chairperson Suman Bery Subramanian confirmed that India’s GDP has crossed $4 trillion. This historic moment places India just behind the United States, China, and Germany.
Japan Slips to 5th Place
With this jump, Japan has been pushed to the fifth spot in global GDP rankings. India’s growth continues despite inflation, global slowdown, and geopolitical tensions.
What Powered India’s Rise?
India’s rapid growth is backed by:
- Strong domestic demand
- Digital transformation
- Export growth in pharma and services
- Infrastructure and manufacturing boom
But What About Per Capita Income?
While the GDP rank has improved, India’s per capita income tells a different story. The country still ranks around 134th globally, indicating income inequality.
Experts Warn: Growth Must Be Inclusive
Economists say GDP growth is important, but true progress means putting money in people’s pockets. Rising living costs and unemployment remain challenges for the common man.
Can India Overtake Germany Next?
India is now eyeing the third spot, currently held by Germany. If India maintains its growth rate, experts believe the country could surpass Germany by 2027.
Stats at a Glance
| Metric | Status |
|---|---|
| Current GDP Rank | 4th globally |
| GDP Size | $4 trillion+ |
| Countries Ahead | USA, China, Germany |
| Countries Surpassed | Japan |
| Per Capita Rank | ~134th globally |
India’s climb to the 4th spot is historic, but the journey isn’t over. The focus must now shift to job creation, income growth, and inclusive development.