India Becomes World’s 4th Largest Economy, Surpasses Japan: NITI Aayog -

India has officially surpassed Japan to become the world's fourth-largest economy, marking a significant milestone in its economic journey. This development was confirmed by NITI Aayog CEO B.V.R. Subrahmanyam, who highlighted India's robust economic growth and resilience despite global challenges. The transition underscores India's expanding influence in the global economic landscape, driven by diverse sectors such as technology, manufacturing, and services. According to Subrahmanyam, India's ascent in the economic rankings is not just a numerical achievement but a testament to its strategic economic reforms and policy initiatives. These efforts have fostered a conducive environment for investment and innovation, enabling sustainable growth. The Indian government's focus on infrastructure development, digital transformation, and skill enhancement has played a pivotal role in nurturing this economic momentum. Looking ahead, India is poised to further consolidate its position on the global stage. With a young and dynamic workforce, coupled with a burgeoning consumer market, the country is well-positioned to attract further foreign investments. Subrahmanyam emphasized that continued emphasis on inclusive growth and sustainable development will be key in maintaining this trajectory, ensuring that the benefits of economic expansion are widely shared among its population.

— Authored by Next24 Live