India Surpasses Japan To Become 4th Largest Economy , May Soon Overtake Germany

India Surpasses Japan To Become 4th Largest Economy , May Soon Overtake Germany

All right, shifting focus viewers. India’s growth story has reached a new landmark. Something that no one could have imagined over a decade ago. India has surpassed Japan to become the fourth largest economy in the world. The inclination, the indication of faith in the country and the world that has put in Prime Minister Narendra Modi’s economic policies over the past 11 years. Our country’s GDP has shot up to $4.187 trillion, taking us into the top four global economies. Only three nations stand ahead of India at the moment. Topping the list is United States followed by China. In the third place is Germany. But the pace in which Indian economy is growing, remember we can surpass them in the next 2 and 1/2 to 3 years. I think the country is at a takeoff stage where it can grow very very rapidly as has been done by many countries in the past. The prime minister gave a call that all states to prepare uh a vision documents at their uh level and this is already visible in the growth of India. We are the fourth largest economy as I speak. We are a $4 trillion economy as I speak and this is not my data. This is IMF data. India today is larger than Japan. So it’s only the United States, China and Germany which are lasted. And if we stick to you know what is being planned, what is being thought through it’s a matter of another two two and a half to three years we would become the third largest economy. And the good thing is as we come here uh almost 17 states have prepared and released or are on the verge of releasing their visions. Now India’s rise to the top four has not happened overnight. It is due to a sustained effort over the past 11 years under the leadership of Prime Minister Narendra Modi. It started with baby steps but once India started to climb the ladder there was no stopping us. Let’s take you through how India has moved up the global economy rankings in the past decade. That is the modomics that has taken India forward. In the year 2014 the GDP was 10 uh trillion. In fact 2015 it was uh 2.1 as you can see trillion. uh in 2016 that went to 2.3 and in the subsequent years it was 2006 20ou 26 2.9 and $4.2 trillion in 2025. That ladies and gentlemen is reflective of how the economic policies under the Modi government have worked for India. Now what we just showed you was how India ranked over the past 11 years. But now let’s take you through the key schemes and initiatives that have powered the Indian economy. Every year remember the Modi government has resolved to bringing one big initiative that serves as the booster for our economy. Now what drove India’s economy is right there on your screens. Back in 2014 remember make in India was launched something that the prime minister reiterates even today. The next year there was digital India mission that began the digital penetration in every nook and corner of the country was focused upon. In 2016, there was Startup India with a focus on entrepreneurship and young entrepreneurs being supported by the government. In 2017, the GST reform was introduced. Extremely important that took away a lot of the burden from all of us. In 2018, Aayushman Bharat Yoja was started in healthcare. In 2019, Pradhan Mantri Kisan Yoja was launched of course to help our farmers for farmer welfare. In 2020, the atmanhar bharat abhyan began and that is emphasized upon even today. In fact, steps are being taken in various sectors to make sure that India becomes atmanhar bharat. In 2021, the GDP crossed the $3 billion mark. The next year the digital rupee was launched. Extremely important in the kind of era that we are living in. 2023 10 lakh crores was allocated for capeex. remember extremely important as far as uh you know capital expenditure is concerned how the government is spending what all it is spending on all of these economic decisions have played a role in making sure that India becomes a $4 trillion economy in 2025 let me quickly go across to my colleague Praa who’s joining us for more on this Pragya some very crucial decisions that were taken under the Modi government both one and two uh as to where India stands today as far as the $4 trillion economy is concerned right from you know Atman Bhar Bharat or Pradhan Mantri Kisan Yoja to startup India all of these decisions have contributed to the economic growth that we all wanted to see in India you’re absolutely right on these counts and in fact this is not uh you know one or two years of efforts by the government in fact this is this is going on for past 11 years and be it digitalization of money and also uh you know we are the leading country when it comes to uh transactions like UPI, BMA, we are also teaching the world about the importance of uh digital money. In fact, not just that uh what we did with GST is also revolutionary in many ways. So all of these smaller steps that we had taken has contributed to where we stand today. In fact, prime minister has put a goal of being India being the third largest economy. We have reached in fact surpassed Japan becoming the fourth largest and uh you know according to NITI Aayog CEO Mr. Subramanyam it looks like that we are going to be third largest economy very soon in a matter of 2.5 to 3 years. What Mr. Subramanyam has also said that it looks like that uh the policies that have been going on for quite some time it looks like that we need to uh uh you know continue with those policies and which will also ensure that we have a solid lead over global and religion regional peers in fact uh not just that IMF is also projecting our growth rate at 6.2%. which is very satisfactory in every way considering the global economy scenario right now and many of the countries are also facing this tariff war and this is exactly why Japan has slide down from the uh position fourth position where it was uh you know before this it also shows that how we have dealt with tariff war and in fact we have negotiated well so all of these steps that we had taken uh is going a long way in ensuring that there is absolutely So domestically and internationally I think we’ve been able to manage the Indian economy and keep it stable amid all the conflicts that the world is grappling with. Pragya thanks very much for joining us at the moment. Viewers remember India is now in the top four of the global economy rankings but the effort to grow is not going to stop. Now despite achieving unreal numbers over the past decade, India is predicted to continue growing at a rate of knots in the coming year as well. The International Monetary Fund predicts India’s GDP to grow by 6.3% in 2026 at a time when global economic outlook is not really promising. But not everyone within India is proud or delighted with the manner in which we are climbing up the ranks. The India block continues to discredit India’s economic guti in an attempt to undermine the success that Modi government has been able to achieve. From defining the parameter growth to raising concerns over investment to alleging income inequality, the opposition can only see faults in our economy. Listen in to the reactions that have come in. EMI MSM sector. trillion. All right, with that it’s time for a short break, but news and updates will continue on the other side.

India has officially overtaken Japan to become the fourth-largest economy globally, as confirmed by NITI Aayog, marking a major milestone in the nation’s economic growth.
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Chapters:
0:00 India Surpasses Japan: Fourth Largest Economy Explained
1:33 Understanding India’s Economic Growth Over the Last Decade
2:29 Key Initiatives Driving India’s Economic Success
4:11 Impact of Modi Government Policies on India’s Economy
5:47 Future Projections: India’s Path to Becoming the Third Largest Economy
6:58 Critiques of India’s Economic Growth: Opposition Perspectives