India has officially surpassed Japan to become the world’s fourth-largest economy, according to NITI Aayog CEO BVR Subrahmanyam. As of May 24, 2025, India’s GDP has reached USD 4 trillion. Only the United States, China, and Germany are ahead. Subrahmanyam stated that favorable global and domestic conditions support India’s continued growth, with expectations to climb to third place within the next 2.5 to 3 years. NITI Aayog, based in New Delhi, India, is the premier policy think tank of the Government of India, tasked with catalyzing economic development through strategic planning and reforms.
India has overtaken Japan to become the world’s fourth-largest economy, according to BVR Subrahmanyam, Chief Executive Officer of NITI Aayog. NITI Aayog, headquartered in New Delhi, is the policy think tank of the Government of India, responsible for driving economic strategy and fostering cooperative federalism in the country.
Subrahmanyam confirmed that India’s Gross Domestic Product (GDP) has reached USD 4 trillion, placing it behind only the United States, China, and Germany. “We are the fourth largest economy as I speak,” he stated, highlighting the country’s rising influence in the global economic landscape.
He attributed the achievement to a combination of favorable global dynamics and domestic policy reforms. According to projections from the International Monetary Fund (IMF), India’s GDP will continue to outpace Japan’s through 2025, solidifying its position in the global hierarchy.
India’s economic growth has been supported by robust domestic consumption, strong investment flows, and a burgeoning digital economy. Subrahmanyam added that India is on track to become the third-largest economy within the next 2.5 to 3 years if current growth patterns continue.
Since 2014, India’s per capita income has also seen a significant rise, having doubled during the period. This progress reflects not just expansion in absolute economic size but also improvement in individual prosperity across the country.
The development marks a major milestone in India’s economic journey and underscores its growing importance in international affairs.
