india 4th largest economy
India has officially surpassed Japan to become the world's fourth-largest economy, a milestone confirmed by NITI Aayog CEO B.V.R. Subrahmanyam during the 10th Governing Council meeting of the policy think tank. Citing IMF data, Subrahmanyam announced that India's economy has reached a $4 trillion valuation, positioning it behind only the United States, China, and Germany. India's Economic Ascent: From Reform to Resilience India's journey to this economic pinnacle has been marked by strategic reforms and robust growth. The liberalization policies initiated in the early 1990s laid the foundation for an open-market economy, fostering increased foreign investment and private enterprise. Over the decades, India has diversified its economic base, with significant contributions from the services sector, manufacturing, and agriculture. Recent data underscores this upward trajectory. According to a Reuters poll, India's GDP growth likely accelerated to 6.7% year-on-year in ...