Amravati (Andhra Pradesh) [India], May 25 : As India surpassed Japan to become the fourth-largest economy in terms of nominal GDP, Andhra Pradesh Chief Minister Chandrababu Naidu on Sunday called for all states to unite and work together to achieve the goal of Viksit Bharat 2047.
In a social media post on X, Naidu lauded India's economic growth, saying, "Under the bold and visionary leadership of Hon'ble PM Shri @narendramodi Ji, India has officially overtaken Japan to become the world's 4th largest economy at USD 4.2 Trillion."
Naidu highlighted the IMF's projections for India's future, stating, "According to IMF data, India will surpass Germany to become the 3rd largest economy globally by 2028. Today, we are at a juncture where all states must come together and join forces to achieve the goal of Viksit Bharat 2047."
https://x.com/ncbn/status/1926572361471471855
Highlighting Andhra Pradesh's economic growth, the Chief Minister stated, "As the nation marches towards this dream, Andhra Pradesh is set to be India's growth engine while achieving the goal of Swarna Andhra @ 2047."
Earlier, NITI Aayog Chief Executive Officer (CEO) BVR Subrahmanyam said that India has overtaken Japan to become the world's fourth-largest economy, citing data by the International Monetary Fund.
Addressing a press conference of the 10th NITI Aayog Governing Council Meeting on 'Viksit Rajya for Viksit Bharat 2047', Subrahmanyam stated that India's economy has reached the USD 4 trillion mark.
"We are the fourth largest economy as I speak. We are a USD 4 trillion economy as I speak, and this is not my data. This is IMF data. India today is larger than Japan. It's only the United States, China, and Germany which are larger, and if we stick to, you know, what is being planned, what is being thought through, it's a matter of another 2, 2.5 to 3 years; we would become the third largest economy," said BVR Subrahmanyam, CEO, NITI Aayog.
"It's only the United States, China, and Germany which are larger, and if we stick to what is being planned, what is being thought through, it's a matter of another 2, 2.5 to 3 years; we would become the third largest economy," Subrahmanyam added.
According to the IMF's April edition of the World Economic Outlook report, the nominal GDP for fiscal 2026 is expected to reach around USD 4,187.017 billion. This is marginally more than the likely GDP of Japan, which is estimated at USD 4,186.431 billion.
India was the fifth largest economy in the world till 2024.The global financial body projects that India will remain the fastest-growing major economy over the next two years. India's economy is expected to grow by 6.2 per cent in 2025 and 6.3 per cent in 2026, maintaining a solid lead over global and regional peers, the April 2025 edition of the IMF's World Economic Outlook added.
India is projected to remain the fastest-growing large economy for 2025 and 2026, reaffirming its dominance in the global economic landscape.
In contrast, the IMF projects global economic growth to be much lower, at 2.8 per cent in 2025 and 3.0 per cent in 2026, highlighting India's exceptional outperformance.