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 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. Introduction India , the world’s fourth-largest economy , has emerged as the fastest-growing major economy and is on track to become the world’s third-largest economy with a projected GDP of $7.3 trillion by 2030. India is projected to be world’s fastest growing major economy (6.3% to 6.8% in 2025-26). This transformation is the result of a decade of decisive governance, visionary reforms, and global engagement under Prime Minister Narendra Modi. Driven by robust domestic demand, a ... World GDP Ranking 2025, Largest Global Economies List: Presently positioned as the fourth-largest economy globally, overtaking Japan, the IMF forecasts India to be the fastest-growing major economy over the next two years.
