India Achieves $4 Trillion GDP Milestone, Surpassing Japan

India has officially surpassed Japan to become the world's fourth-largest economy, achieving a GDP of $4 trillion. This milestone, announced by NITI Aayog's CEO BVR Subrahmanyam, highlights the impact of recent economic reforms. With aspirations to become the third-largest economy in the next few years, India is also focusing on enhancing its manufacturing capabilities and attracting investments through initiatives like 'Make in India.' The government plans to introduce a new asset monetization strategy to further bolster economic growth. This article delves into the implications of India's economic ascent and responses to international comments regarding manufacturing.

By Narendra Chaudhary May 25, 2025, 12:33 IST

India's Economic Growth Reaches New Heights

India has officially become the world's fourth-largest economy, overtaking Japan. This significant milestone was announced by BVR Subrahmanyam, the CEO of NITI Aayog, on Saturday. He revealed that India's GDP has now reached an impressive $4 trillion, with only the United States, China, and Germany ahead of it.

Significance of the $4 Trillion Achievement

During a press briefing following the 10th Governing Council meeting of NITI Aayog, Subrahmanyam attributed this achievement to the reforms implemented within the country. He expressed optimism that if the current trajectory continues, India could potentially become the third-largest economy in the world within the next two to three years.

Response to Trump's Comments on iPhone Manufacturing

Subrahmanyam also addressed recent comments made by former U.S. President Donald Trump, who suggested that iPhones sold in the U.S. should be manufactured domestically rather than in countries like India. In response, he noted that there is still uncertainty regarding future tariffs in the U.S.

Upcoming Asset Monetization Plan

Furthermore, Subrahmanyam disclosed that the government is set to launch a second asset monetization plan, which could commence in August. This initiative aims to generate revenue through the sale or utilization of government assets. This economic achievement comes at a time when India is keen on strengthening its role in the global supply chain. The 'Make in India' initiative is actively working to attract new investments, presenting a crucial opportunity for the nation to advance further.