NITI Aayog member Arvind Virmani has said India is set to become the fourth largest economy in the world by overtaking Japan by the end of 2025. He said ‘India is in the process of becoming the fourth largest economy, and I am personally confident that will happen by the end of 2025 because we need (data) of all 12 months GDP to say that, you know, to assert that. So to say till then, it remains a forecast’.
Explaining further, Virmani said ‘When we discuss the size of economies publicly, we generally use US dollar current prices.’ He further pointed out that 'when we compare economy, we generally do it in terms of annual GDP'. He said IMF in its WEO report released in April gave a precise number, which showed that India's GDP for the full year 2025, would become higher than that of Japan.
He observed ‘I would say that I am pretty confident that that will happen, but the exact data will probably not be available till January or February, because we are talking about the whole year’. The IMF, in its World Economic Outlook (WEO) report released in April had said that India is expected to be the fourth largest economy in the world with a GDP of $4.19 trillion in 2025, ahead of Japan.
