New Delhi: India has overtaken Japan to become the world’s fourth-largest economy with a nominal GDP of USD 4.18 trillion and is on track to surpass Germany to claim the third position by 2030, according to the government’s year-end economic review.

The economic review mentioned that India could reach a GDP size of USD 7.3 trillion by 2030, displacing Germany from the third rank within the next 2.5 to 3 years. The United States remains the world’s largest economy, followed by China.

“With GDP valued at USD 4.18 trillion, India has surpassed Japan to become the world’s fourth-largest economy and is poised to displace Germany from the third rank,” the government........

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