India surpasses Japan to become world’s fourth largest economy

India has emerged as the world’s fourth-largest economy, surpassing Japan, according to the latest update from NITI Aayog. The announcement came during a press briefing following the 10th Governing Council meeting, where it was revealed that India’s economy has now reached the $4 trillion mark.

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This development places India behind only the United States, China, and Germany in terms of economic size. The country's rapid growth trajectory, supported by favorable geopolitical and economic conditions, is seen as a key factor behind this milestone. Projections indicate that if current plans and strategies are implemented effectively, India could move into the third position globally within the next three years.

In discussions around global trade and manufacturing, India remains a competitive destination. Despite recent remarks from former U.S. President Donald Trump advocating for the return of Apple manufacturing to American soil, Indian officials maintained confidence in the country’s cost-effective manufacturing capabilities. This underscores India's continuing appeal for global supply chains.

Additionally, preparations are underway for a new phase of the asset monetisation program, which is expected to be unveiled in August. This initiative aims to generate fresh investments through strategic disinvestment of government-owned assets, further boosting infrastructure and economic resilience.

India’s steady ascent in the global economic hierarchy reflects not only robust domestic reforms but also a strategic alignment with evolving international economic dynamics.