EconomyGS3-Economy
India set to become third-largest economy
India is set to overtake Japan and become the world's third-largest economy.
May 31, 2025
Key Points
- 1India is set to move ahead of Japan's GDP by the end of 2025.
- 2India's nominal GDP is $4.187 trillion.
- 3Japan's GDP is $4.186 trillion.
- 4India is a low-middle-income economy.
- 5China overtook Japan in 2010.
- 6Germany recently overtook Japan, pushing Japan to fourth place.
Important Terms
Indian economyGDPJapanChinaEconomic growth
UPSC Current Affairs
Last Updated: 7/9/2025