The International Monetary Fund (IMF) initiatives that India will stay the fastest-growing main financial system over the following two years.

New Delhi:

India has surpassed Japan to grow to be the fourth-largest financial system on the earth, reaching a nominal GDP of USD 4 trillion, in line with NITI Aayog CEO BVR Subrahmanyam. India was the fifth-largest financial system on the earth until 2024.

This vital milestone was introduced throughout a press briefing following the tenth NITI Aayog Governing Council assembly on ‘Viksit Rajya for Viksit Bharat 2047’. Citing knowledge by the International Monetary Fund (IMF), Subrahmanyam mentioned that India’s financial system has reached the USD 4 trillion mark.

India at present is bigger than Japan: Subrahmanyam

“We are the fourth largest economy as I speak. We are a USD 4 trillion economy as I speak, and this is not my data. This is IMF data. India today is larger than Japan. It’s only the United States, China, and Germany which are larger, and if we stick to, you know, what is being planned, what is being thought through, it’s a matter of another 2, 2.5 to 3 years; we would become the third largest economy,” mentioned Subrahmanyam.

“It’s only the United States, China, and Germany that are larger, and if we stick to what is being planned, what is being thought through, it’s a matter of another 2, 2.5 to 3 years; we would become the third largest economy,” Subrahmanyam added.

India’s nominal GDP is projected to achieve USD 4,187.017 billion 

According to the April version of the IMF’s World Economic Outlook report, India’s nominal GDP for fiscal yr 2026 is projected to achieve roughly USD 4,187.017 billion. This determine barely surpasses Japan’s estimated GDP of USD 4,186.431 billion for a similar interval.

The world monetary physique initiatives that India will stay the fastest-growing main financial system over the following two years. India’s financial system is anticipated to develop by 6.2 per cent in 2025 and 6.3 per cent in 2026, sustaining a strong lead over world and regional friends, the April 2025 version of the IMF’s World Economic Outlook added.

India is projected to stay the fastest-growing giant financial system for 2025 and 2026, reaffirming its dominance within the world financial panorama.

In comparability, the IMF forecasts world financial progress to stay considerably decrease, at 2.8 p.c in 2025 and three.0 p.c in 2026, underscoring India’s outstanding outperformance on the worldwide stage.

(With ANI inputs)

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