While it is certainly a reason to celebrate that India has become the world’s fourth-largest economy, this economic milestone is only part of the story.
Iran’s parliament has approved potential closure of Strait of Hormuz in response to US strikes on Iranian nuclear sites, but country’s top security body is yet to take final call.
Each S-400 battery comprises long-range radar, a command post vehicle, target acquisition radar and two battalions of launchers—each battalion has eight launchers.
What is most remarkable to me about India’s GDP growth is not that it’s now the fourth largest in GDP terms, but that it outpaced the IMF’s November 2024 projection that India would pass Japan’s GDP in 2 years, so around November 2026. The robustness of the growth can be seen in the fact that India became the 4th largest in just 6 months of IMF’s projection. That is ~80% sooner than projected.
Read that and none the wiser as to the size of the challenge so I went to the IMF. Here it is:
GDP per capita PPP (IMF-2025):
1. USA: I$89,100;
2. RoKorea: I$65,000;
3. EU: i$64,500;
4. Japan: i$54,700;
5. Turkey: I$43,000;
6. PRoChina: I$29,000;
7. Mexico: I$25,000;
8. Brazil: I$23,000;
9. Egypt: I$22,000;
10. Iran: I$20,000;
11. Algeria: I$18,000;
12. Indonesia: I$17,600;
13. Vietnam: I$17,500;
14. S.Africa: I$16,000;
15. India: I$12,100;
16. Morocco: I$11,200;
16. Bangladesh: I$10,200;
What is most remarkable to me about India’s GDP growth is not that it’s now the fourth largest in GDP terms, but that it outpaced the IMF’s November 2024 projection that India would pass Japan’s GDP in 2 years, so around November 2026. The robustness of the growth can be seen in the fact that India became the 4th largest in just 6 months of IMF’s projection. That is ~80% sooner than projected.