With India poised to overtake Japan as the world\u2019s fourth-largest economy, industry players have hailed the International Monetary Fund\u2019s (IMF) forecast as a sign of the South Asian country\u2019s growing global stature, even as they call for deeper reforms to boost its competitiveness.<\/p>\n
India\u2019s nominal gross domestic product (GDP) is projected to rise to US$4.187 trillion in the 2025\u201326 financial year, surpassing Japan\u2019s US$4.186 trillion economy, according to the IMF\u2019s world economic outlook released in April. If realised, India\u2019s GDP will rank behind that of the United States, China and Germany.<\/p>\n
Speaking at a briefing over the weekend, B.V.R. Subrahmanyam, CEO of India\u2019s state-run think tank Niti Aayog, attributed India\u2019s economic ascendancy to favourable geopolitical conditions, strong domestic fundamentals, and its increasing significance in global supply chains in tandem with changing trade patterns.<\/p>\n
Despite the sweeping global tariffs introduced by the US, India may benefit from relatively lower levies compared with those imposed on Washington\u2019s other trade partners, according to analysts.<\/p>\n
In response to India\u2019s economic ranking, billionaire businessman Anand Mahindra has called for a rise in the country\u2019s GDP growth as well as GDP per capita.<\/p>\n
\u201cWhile I was in business school, the idea of India overtaking Japan in GDP felt like a distant, almost audacious dream,\u201d Mahindra said in a post on X.<\/p>\n","protected":false},"excerpt":{"rendered":"With India poised to overtake Japan as the world\u2019s fourth-largest economy, industry players have hailed the International Monetary…\n","protected":false},"author":2,"featured_media":136106,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1395,32,1700,1824,730,59591,2122,27848,6026,16,15],"class_list":{"0":"post-136105","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-china","10":"tag-donald-trump","11":"tag-economy","12":"tag-germany","13":"tag-india","14":"tag-international-monetary-fund-imf","15":"tag-japan","16":"tag-kashmir","17":"tag-pakistan","18":"tag-uk","19":"tag-united-kingdom"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/136105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=136105"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/136105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/136106"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=136105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=136105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=136105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}