Overview

• IMF data project India’s nominal GDP will reach $4.187 trillion in 2025, narrowly surpassing Japan’s $4.186 trillion
• Economic expansion is expected to stay above 6%, powered primarily by private consumption gains in rural regions
• India’s per capita GDP of $2,880 remains far below Japan’s $33,900, underscoring persistent income and development gaps
• Experts predict India will exceed $5 trillion by 2027 and climb to the world’s third-largest economy by 2028
• Analysts say accelerated investment in deep-tech research and development is essential to sustain long-term growth and improve living standards