Summary
India has become the fourth-largest economy in the world, surpassing Japan and California, with a GDP of $4.18 trillion. The Indian government predicts further growth, potentially placing India as the third-largest economy by 2030.
Key Facts
- India is now the world's fourth-largest economy.
- India's GDP is valued at $4.18 trillion.
- It surpassed both Japan and California in economic size.
- India may overtake Germany by 2030 with a projected GDP of $7.3 trillion.
- Japan's 2024 GDP was $4.02 trillion, placing it fifth after India.
- California’s GDP was $4.10 trillion in April according to IMF data.
- Official confirmation of these figures awaits the IMF's final report in 2026.
