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India made history when, in 2025, it emerged as the world’s fourth-largest economy (in nominal GDP terms), as confirmed by the IMF and NITI Aayog. India’s GDP is now $4.19 trillion, edging past Japan’s $4.18 trillion, racing to cross Germany for the third rank by 2027. It will then rank behind only the US ($30.5 trillion) and China ($19.2 trillion). A creditable moment indeed for a nation which got independence only 78 years ago! However, closing the gap with China will be a big challenge, though not impossible.
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