India Surpasses Japan as Fourth-Largest Economy

India has officially overtaken Japan to become the world's fourth-largest economy, with nominal GDP reaching around $4 trillion, as confirmed by IMF data and NITI Aayog CEO BVR Subrahmanyam. This achievement marks a rise from 10th place in 2014, driven by robust reforms and strong growth in sectors like IT and manufacturing. Business leaders, including Anand Mahindra and Harsh Goenka, have highlighted the need for continued reforms to boost per capita income and sustain momentum. India's real GDP growth remains above global averages, with the IMF projecting sustained annual rates over 6% and suggesting India could become the third-largest economy in 2.5 to 3 years. Key challenges include ongoing trade headwinds, the necessity for further economic reforms, and moderate short-term impacts from global tariff tensions. Despite these, policymakers and economists remain optimistic about India's long-term economic prospects.