Team Blitz India
NEW DELHI: India’s G20 Sherpa and former CEO of Niti Aayog, Amitabh Kant stated that the nation is poised to surpass Japan and become the world’s fourth-largest economy by 2025, citing several positive macroeconomic indicators.
Currently ranked fifth globally in terms of GDP, India has already outpaced the UK in 2022, marking a remarkable ascent from its eleventh position just a decade ago.
With an estimated GDP of around $ 3.7 trillion, India’s journey from being part of the “Fragile 5” in 2013 describe struggling emerging economies including India, Brazil, Indonesia, South Africa, and Turkey, to its current status has been impressive.
Key highlights of India’s economic transformation include robust GST collections, consistent GDP growth exceeding 8 percent over the past three quarters, expanding currency trading partnerships encompassing 27 nations, and manageable inflation rates.
