On 24th May, NITI Aayog CEO BVR Subrahmanyam said India had overtaken Japan to become the world’s fourth-largest economy, citing IMF data.

He added that India has a $4 trillion economy, behind only the US, China, and Germany. However, IMF data projects India’s GDP at $4.187 trillion in FY26 — just slightly ahead of Japan’s $4.186 trillion.

If current plans stay on track, Subrahmanyam said India could become the third-largest economy in the next 2–3 years.

India remains the fastest-growing major economy, with 6.2% growth expected in 2025 and 6.3% in 2026, per IMF. A second round of the asset monetisation pipeline will be prepared and announced in August.

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