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.
Karnataka contributes billions to national growth and FDI, but its own finances show a revenue deficit, spiralling interest costs, and liabilities crossing Rs 11.2 lakh crore.
The Nirouyeh Vijeh Pasdaran Velayat, or NOPO, was the only force Ali Khamenei trusted.It was founded in 1991 and is more feared than the Revolutionary Guards.
Rating democracies is a tricky business. I am only using the simple metric of who in the Indian subcontinent has had the most peaceful, stable, normal political transitions and continuity.
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.