India becomes world's fourth largest economy, overtaking Japan: NITI Aayog

After Japan, now Germany's chair seems to be in danger. Yes, the figures are telling a similar story. Currently, India has left behind Japan to become the fourth largest economy in the world. Now it is being estimated that in the next 30 to 36 months, India will leave behind Germany to become the third largest economy in the world. From IMF to World Bank, even in view of the current uncertainty, India's growth is assuming more than 6 percent.

Which is the fastest among all the big economies of the world. This is the reason why India can become the third largest economy in the world in the coming 30 to 36 months.

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Let us also tell you what NITI Aayog's Chief Executive Officer (CEO) BVR Subramaniam said about this?

World's fourth largest economy

NITI Aayog's Chief Executive Officer (CEO) BVR Subramaniam said that India has become the fourth largest economy in the world, leaving Japan behind. Subramaniam said after the 10th meeting of the NITI Aayog Governing Council that overall the global and economic environment is favorable for India. He said that when I am speaking, we are the fourth largest economy. Today we are a $ 4,000 billion economy.

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Citing the data of the International Monetary Fund (IMF), Subramaniam said that today India's economy is bigger than Japan.

Hope of becoming the third largest economy

He said that only America, China and Germany are bigger than India and if we stick to our plan and thinking, then in 2.5-3 years i.e. 30 to 36 months we will be the third largest economy. This means that in the year 2027-2028 India will be on the way to becoming the third largest economy of the world or it will become so. Then India's economy is estimated to be more than 5 trillion dollars.

What did he say on Trump's statement

Responding to a question on US President Donald Trump's recent statement about iPhone maker Apple, Subramaniam said that it is uncertain what the duty rates will be. But the way things are changing, we will be a cheaper place for manufacturing.

Trump had said that he hopes that the Apple iPhones sold in America will be manufactured in America itself, not in India or anywhere else. The NITI Aayog CEO also said that the second phase of monetisation of assets is being prepared and will be announced in August.