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India flying high: According to the latest estimates of the International Monetary Fund (IMF), India is moving towards achieving an important economic achievement. According to IMF’s World Economic Outlook data, India will overtake Japan in 2025 to become the fourth largest economy in the world. This is another proof of India’s growing economic power.
According to IMF estimates, India’s symbolic GDP (Nominal GDP) in 2025 4.3398 trillion US dollars Will reach, while Japan’s GDP 4.2103 trillion US dollars It is estimated to be. Thus, India will overtake Japan which is currently the fourth largest economy and will move to fifth place.
It is noteworthy that India became the fifth largest economy in the world by surpassing the United Kingdom (Britain) a few years ago.
One of the main reasons for this possible decline in the ranking of Japan’s economy is said to be the continuous weakening of Japanese yen against the US dollar.
The IMF has also indicated in its estimates that India’s development journey will not stop here. It is estimated that India can become the third largest economy in the world by 2027, leaving behind Germany.
However, India is already the third largest economy in the world after the United States and China in terms of purchasing power equality. This upcoming lead in nominal GDP data will further strengthen India’s global economic stature. The Government of India has also targeted the country to make the country a $ 5 trillion dollar economy soon and this achievement will be an important step in that direction.