Datanomics: India closes in on Japan to be fourth-largest economy this year

India is likely to overtake Germany in 2028 as the third largest economy in the world, according to projections by the IMF

In 2024, the Indian economy stood moderately behind the world’s fourth-largest economy — Japan — by $11.8 billion. 

 

A few years ago, India overtook the UK to become the fifth largest, and is now well on its way to rise to the fourth spot in the list of the top 10 largest economies in the world by overtaking Japan. 

 

The International Monetary Fund (IMF), in its World Economic Outlook (WEO) report released in April, had said that India is expected to be the