India Overtakes Japan to Become World’s 4th Largest Economy | India Today

India Overtakes Japan to Become World’s 4th Largest Economy | India Today

India has become the fourth largest economy in the world overtaking Japan. At the NITI Aayog meeting, CEO BVR Subramanyam confirmed that India is now a 4 trillion economy. But is India’s GDP an accurate representation of its economic development? Here’s a [Music] report. A massive milestone in India’s economic march. India has become the world’s fourth largest economy, overtaking Japan, storming into the elite 4 trillion club. Niti Aayok cited IMF data which shows India has edged past Japan. We are the fourth largest economy as I speak. We are a 4 trillion dollar 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 larger. 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. The Modi government is now aiming to overtake Germany and be the third largest economy in another 3 years. This will see it entering the super elite 5 trillion economy club. With India leaping over the $4 trillion mark, the US, China, and Germany are now the only three economies larger than India. The US boasts a $30.5 trillion economy, followed by China at 19.23 trillion and Germany sits just ahead of India at $4.7 trillion, a gap that is rapidly shrinking. Prime Minister Narendra Modi has repeatedly vowed to take India to the number three position in the global fiscal ladder. [Music] economy [Applause] guarantee guarantee guarantee [Music] guarantee but the opposition claims that GDP is not the most accurate representation of India’s economic rise hunger and poverty alleviation are crucial too. We saw a brilliant development of you know the Reserve Bank of India giving a bonus to the government of India dividend to the government of India was rupees 2.7 rupees that really is a very good indicator of how good and how healthy the economy is going and the government has in fact managed to put uh food inflation under It has managed to in fact in fact you know reaching out to the GDP levels also very healthy levels. While India has made rapid progresses will the raging tariff force and geopolitical flux make its onward journey more challenging with Chayan Bhutani Bureau report India today.

India has overtaken Japan to become the world’s 4th largest economy, joining the $4 trillion club. NITI Aayog CEO BVR Subramanyam confirmed this milestone, citing IMF data. The Modi government aims to surpass Germany and become the 3rd largest economy within three years. However, the opposition argues that GDP alone does not accurately represent India’s economic development, emphasizing the need for poverty alleviation and equitable growth.

#indianeconomy #gdp #economicgrowth #itwebvideos #nitiaayog #imf #globaleconomy #economicmilestone

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