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 ... India , poised to become the third-largest economy by 2030, is currently one of the most dynamic economies globally. The IMF's latest World Economic Outlook highlights India 's growth trajectory and compares it with other leading economies. Despite a global economic slowdown, India continues to perform as the fastest-growing major economy . This article examines the global economic rankings , India 's current standing, and its future growth outlook. 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.
