India is set to become the world’s third-largest economy by 2028, overtaking Japan and Germany, based on the latest global economic forecasts. The nation, which is currently ranked fifth in nominal GDP, is set to maintain its robust growth path, fueled by digitalization, domestic consumption, and a young population.
Global Economic Rankings for 2025 (Projected)
United States – $30.5 trillion
China – $19.2 trillion
Germany – $4.74 trillion
Japan – $4.19 trillion
India – $4.19 trillion
United Kingdom – $3.69 trillion
France – $3.22 trillion
Brazil – $2.44 trillion
Italy – $2.43 trillion
Canada – $2.42 trillion
India’s estimated nominal GDP of $4.19 trillion in 2025 puts it on a tie with Japan, and just behind Germany. Experts say it’s just a matter of time before India officially becomes the third-largest economy in the world.
The nation’s fast economic growth is driven by various sectors such as technology, manufacturing, services, and infrastructure. India’s economy has doubled in size over the past decade and is the world’s fastest-growing major economy.
Even with this expansion, India is still far behind the two dominant economies. The American economy will still be the largest by far, with a GDP more than seven times India’s size in 2025. China, on the other hand, will still be second-largest, with an economy about 4.6 times larger.
Looking to the future, India’s vision is to become the second-largest economy by 2047, marking the centenary of its independence. Through steady reforms, technological advancements, and investment-promoting policies, India’s emergence as a world economic superpower seems well within grasp.
This is a decisive turning point in the global economic landscape, positioning India not only as a regional power, but as a central figure on the global stage
