India is on track to overtake Japan as the world’s 4th-largest economy in 2025 and is projected to claim the 3rd spot by 2028, reflecting the success of Prime Minister Narendra Modi’s vision for a Viksit Bharat (Developed India). The International Monetary Fund (IMF) forecasts a robust GDP growth of 6.2% in 2025 and 6.3% in 2026, positioning India as the fastest-growing major economy globally.

Under PM Modi’s leadership, India has been navigating global economic challenges, including trade tensions, with resilience. The government’s focus on economic reforms, infrastructure development, and fostering a business-friendly environment is driving the country’s impressive growth. In comparison, global growth is projected at a slower pace of just 2.8% in 2025 and 3.0% in 2026.

Meanwhile, Japan’s economic forecast has been downgraded, with the IMF slashing its growth estimate to 0.6% in 2025 due to the adverse impact of escalating U.S. tariffs.

As India moves closer to its goal of becoming a global economic powerhouse, PM Modi’s Viksit Bharat vision is gaining momentum, with India set to emerge as a key player in the global economic landscape in the coming decades.