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Just another day in the 4th largest economy in the world. We're so proud.
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this post was submitted on 26 May 2025
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A technical correction, India is the 5th largest economy measured by GDP as of now. IIRC US, China, Japan and Germany are ahead. Whilst India will overtake the latter 2 soon and become 3rd largest in a matter of time, it will likely stagnate at that position for a long time since China and US are way ahead.
Edit : As OP pointed out correctly, India overtook Japan last day, so it's indeed 4 th largest.
India overtook Japan in total GDP yesterday
Ooh, my bad. Indeed it did overtake it. Reminds me of the UK overtake where it was a close race for some time (first India went ahead, then UK again raced ahead before India fleecing ahead finally for good).
Japan is highly dependent on imports as it is mainly a service economy and is now struggling due to tariffs and other supply chain issues which are driving inflation and hindering growth. Japan has an aging population resulting in the highest debt to GDP ratio in the G7. India overtook Japan in GDP this past weekend.
India will overtake Germany by 2028 according to current IMF data.