India is expected to overtake Japan in terms of GDP rankings by 2025, as per a recent report from the International Monetary Fund (IMF).
The IMF predicts that India will experience strong growth of 7 percent in 2024, followed by 6.5 percent in 2025. In contrast, Japan's economy is projected to grow by only 0.3 percent in 2024, indicating a significant divergence in economic trajectories.
India has been experiencing a robust economic expansion since 2021, primarily driven by strong domestic demand. In the first quarter of 2023, India achieved an impressive growth rate of 7.8 percent, positioning it as the fastest-growing major economy in the world. This sustained growth demonstrates India's resilience and potential in the face of global economic challenges.