“We Are Now a $4 Trillion Economy”: India Rises to 4th Largest in the World, Says NITI Aayog Chief
In a monumental development, India has officially overtaken Japan to become the fourth-largest economy in the world, according to NITI Aayog CEO BVR Subrahmanyam. The announcement was made during a press briefing following the 10th Governing Council meeting of NITI Aayog, chaired by Prime Minister Narendra Modi in New Delhi.
A Historic Leap for India
“We are the fourth-largest economy as I speak. We are a USD 4 trillion economy now,” said Subrahmanyam, citing the latest IMF data.
India now trails only behind the United States, China, and Germany, marking a significant shift in the global economic order. Japan, which held the 4th spot for years, has now slipped to fifth position.
Third-Largest in Just 2.5 Years?
The NITI Aayog CEO shared an ambitious but optimistic projection:
“If we stick to what is being planned and thought through, we will become the third-largest economy in the next 2.5 to 3 years,” he stated.
This aligns with global economic forecasts and India’s consistent performance in sectors like services, manufacturing, digital innovation, and infrastructure growth.
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Favourable Economic Environment
Subrahmanyam emphasized that India’s growth is supported by a favorable geopolitical and macroeconomic environment, including:
Robust domestic demand
Rising digital infrastructure
Increased foreign investments
Government-backed reforms and asset monetisation plans
Response to Global Manufacturing Concerns
On a separate note, he responded to a recent comment by former U.S. President Donald Trump, who expressed a preference for iPhones to be made in the U.S. rather than India.
“What the tariff will be is uncertain. But given the dynamics, we will remain a cheap and competitive place to manufacture,” Subrahmanyam said, reinforcing India’s strategic role in the global supply chain.
Asset Monetisation Pipeline 2.0 Coming Soon
Subrahmanyam also announced that the second round of India’s asset monetisation pipeline is currently in preparation and will be officially unveiled in August 2025, hinting at further opportunities for private investment and public infrastructure growth.
PM Modi’s Vision for ‘Team India’
The announcement came during a key meeting where Prime Minister Narendra Modi urged the Centre and States to work collectively.
“We must increase the speed of development. If we work together like Team India, no goal is impossible,” the Prime Minister said.
A New Economic Era
India’s economic rise marks the beginning of a new era where it plays a stronger role in global decision-making, trade, and geopolitics. With bold reforms, technological leadership, and a young workforce, the country is set to shape the future of the world economy.
