India economy ranking: India overtakes Japan as the 4th largest

India overtakes Japan as the 4th largest economy in 2025. Explore key drivers, challenges, inequality, and policy reforms for inclusive growth. India has overtaken Japan with a GDP of $4.19 trillion, becoming the 4th largest economy globally in 2025, confirms IMF data. Learn what this means for India ’s global role, growth, and future trajectory. India Becomes World’s 4th Largest Economy : A Look at GDP Numbers India has officially become the world’s 4th largest economy by nominal GDP in 2025, overtaking Japan, according to the latest data released by the International Monetary Fund (IMF). India ’s GDP now stands at $4.19 trillion, trailing only the United States, China, and Germany. This marks a historic economic milestone for India , which was ranked the 10th largest economy in 2014, with a nominal GDP of $2.04 trillion. Over ... India ranked 5/197 by economy size with a GDP of $3.91T and 143/197 by GDP per capita at $2,697. India has $3.18T in government debt, with a debt-to- GDP ratio of 80.4%. In 2025, India made up 3.52% of the world's economy , compared to 2.71% in 1960. The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.