( OT Webdesk)India has officially surpassed Japan to become the fourth-largest economy in the world, according to NITI Aayog CEO BVR Subrahmanyam.
Speaking after the 10th Governing Council meeting, Mr. Subrahmanyam confirmed that India’s GDP has now reached $4 trillion, placing the nation behind only the United States, China, and Germany.
Citing IMF data, he emphasised that India’s economic trajectory remains strong, with projections suggesting it could climb to the third position within the next 2.5 to 3 years.
The favourable geopolitical and economic conditions, he stated, would further support India’s upward momentum.
Responding to concerns raised by U.S. President Donald Trump regarding Apple iPhone production shifting away from India, Mr. Subrahmanyam maintained that India would remain a cost-effective manufacturing hub despite uncertainties surrounding trade tariffs.
In addition, he announced that a second round of asset monetisation is underway, with a formal announcement expected in August 2025.
India’s economic surge continues to make waves on the global stage, reinforcing its position as a powerhouse in international markets.
