Why is it in News?
→ India surpassed Japan to become the world’s fourth-largest economy.
→ Strong growth momentum and global projections highlighted India’s trajectory.
Important Points:
- India’s GDP reached USD 4.18 trillion.
- India ranks behind the US, China, and Germany in nominal GDP.
- India is projected to reach USD 7.3 trillion GDP by 2030.
- India ranks 3rd globally in GDP (PPP) terms.
- Real GDP grew by 8.2% in Q2 of 2025–26.
- World Bank projects 6.5% growth for India in 2026.
- IMF raised India’s 2025 growth forecast to 6.6%.
- Vision 2047 targets high middle-income status.