India to become world's third-largest economy by FY28, says IMF

Projected to grow bigger than Japan at $5.36 trillion

India failed to unseat the UK and missed being the fifth-largest economy by $10 billion in 2021-22. It’ll have to wait another year before it gets that coveted spot in 2022-23, overtaking the UK by $27 billion.

By 2025-26 (FY26), the Indian economy would equal Germany’s to be the fourth-largest. It would become the third-largest by 2027-28 (FY28), when it is projected to grow bigger than Japan, according to the International Monetary Fund’s (IMF’s) World Economic Outlook.

By 2026-27, India’s economy would not be $5 trillion as hoped by the finance ministry, but close enough. It would be $4.94 trillion that year.

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