| Under PM Modi’s leadership, India becomes $4 trillion economy, surpasses Japan: Rohiin Chandan | | | 
early times report
Jammu, May 25: Bharatiya Janata Party (BJP) leader Rohiin Chandan stated that in a landmark achievement, India has officially overtaken Japan to become the world’s fourth-largest economy, with a Gross Domestic Product (GDP) of $4 trillion, as confirmed by the latest data from the International Monetary Fund (IMF). He said this historic milestone underscores India’s remarkable economic ascent under the dynamic and decisive leadership of Prime Minister Narendra Modi.
Speaking on this monumental achievement, Chandan emphasized that India’s rise to the fourth-largest economy, trailing only the United States, China, and Germany, is a testament to the transformative policies and reforms spearheaded by PM Modi. “Under the visionary leadership of Prime Minister Narendra Modi, India has achieved what was once thought to be a distant dream. Surpassing Japan to become the world’s fourth-largest economy is a historic milestone in India’s economic journey. All credit goes to PM Modi’s decisive policies, which have propelled India onto the global stage as an economic powerhouse,” Chandan stated.
He explained details in length that the IMF’s World Economic Outlook (April 2025) projects India’s nominal GDP at $4.187 trillion, marginally ahead of Japan’s $4.186 trillion, securing its position as the fourth-largest economy globally. This achievement is underpinned by robust economic growth, with the IMF forecasting India to remain the fastest-growing major economy, with a projected growth rate of 6.2% in 2025 and 6.3% in 2026. These figures reflect India’s sustained momentum, driven by strong domestic demand, structural reforms, and a favorable demographic profile, he added.
Chandan credited PM Modi’s forward-thinking initiatives, such as Make in India, Digital India, and infrastructure development, for fostering an environment conducive to economic growth. “The Prime Minister’s focus on innovation, ease of doing business, and inclusive development has unleashed India’s potential. From strengthening rural consumption to boosting manufacturing and digital infrastructure, these policies have laid a solid foundation for sustained growth,” he added.
Rohiin Chandan underlined that this milestone also sets the stage for India’s ambition to become the world’s third-largest economy by 2028, with the IMF projecting a GDP of $5.584 trillion, surpassing Germany. Chandan expressed optimism about India’s trajectory, stating, “With PM Modi’s unwavering commitment to Viksit Bharat (Developed India) by 2047, we are on track to achieve even greater heights.”
This achievement not only elevates India’s global economic standing but also reinforces its role as a beacon of stability and growth in a rapidly changing world.
The nation celebrates this triumph as a collective step toward a prosperous and self-reliant future, Chandan said.
|
|
