IMF: India could be the world's fourth largest economy

India's nominal GDP is likely to surpass Japan's by 2025, making it the world's fourth-largest economy , according to Nikkei Asia, the forecast was made in the latest update of the International Monetary Fund (IMF).

Street in New Delhi, India. Photo: AFP/TTXVN

The IMF estimates India's GDP could reach $4.33 trillion by 2025, a year earlier than its previous forecast and higher than Japan's $4.31 trillion. In its latest update, the IMF slightly revised the GDP forecasts for both countries based on local currency exchange rates.

Accordingly, the depreciation of the Japanese yen against the US dollar seems to reduce the size of the Japanese economy in “greenback” terms. The Indian rupee has been largely unchanged in value against the US dollar since the beginning of 2023.

HOANG THANH

Source: https://www.sggp.org.vn/imf-an-do-co-the-la-nen-kinh-te-lon-thu-4-the-gioi-post736462.html