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.
Political satire is indispensable to democracy, racial caricature isn’t. If Europe’s liberal press still cannot tell difference, then decolonisation never happened in their imagination.
PM-EAC paper says overhaul of Investor Education and Protection Fund Authority system sharply improved processing speed and reduced paperwork for investors.
While India yet to set in motion theaterisation of armed forces, China's military reforms combined China’s Army, Navy, Air Force and Rocket Force aimed at regional dominance & tight political control.
Pakistan has ended up losing every war against India but that hasn’t prevented it from claiming victory. We will go over the evidence to anticipate what to expect next.
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.