Home » World » India’s Economic Rise: Surpassing Japan as World’s Fourth Largest Economy

India’s Economic Rise: Surpassing Japan as World’s Fourth Largest Economy

by Lucas Fernandez – World Editor

India ‍Overtakes Japan⁤ to Become World’s Fourth Largest Economy

New Delhi – ⁢india has surpassed Japan to become the world’s fourth largest economy, according to recent analysis by consultancy Jupiter Asset‍ Management. The shift, largely‍ fueled by a growing economic clash in West Asia intensified by U.S.tariffs⁤ and a re-evaluation of globalization, marks a significant moment⁢ in the global economic landscape.

While global attention remains focused on the economic competition between the United States and China, India’s ascent has been a quieter, yet powerful, progress. Jupiter Asset Management projects India’s economy will continue to expand at a⁤ rate of 6.5% annually.

This⁢ growth is underpinned by⁢ a combination of favorable demographic trends, structural reforms, ⁢and strengthening institutions. India maintains important‍ ties with Western economies while also playing a⁤ key role within the BRICS​ economic alliance. The consultancy estimates India overtook Japan in 2025.

[image of Indian Prime Minister Narendra Modi at a news conference in Berlin, Germany, May 2, 2022. REUTERS/Lisi Niesner]

For ⁢full details on this developing story, see the October ‌10th⁢ edition of ‌the Economic ⁢Newspaper: https://leitor.jornaleconomico.pt/noticia/india-ultrapassa-o-japao-e-ja-e-a-quarta-economia-mundial

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.