India's Economic Growth Outlook
On April 17, 2025, NITI Aayog CEO BVR Subrahmanyam stated that India's economy is projected to surpass Germany and Japan within the next three years, aiming to become the world's second-largest economy by 2047. Speaking at an event in Delhi, he emphasized that India's democracy is its greatest strength, positioning the nation as a potential global hub for education.
According to the International Monetary Fund (IMF), India's current GDP stands at approximately $4.3 trillion. The IMF forecasts that India will become the fourth-largest economy by 2025 and the third-largest by 2027, overtaking Japan and Germany in the process.
Subrahmanyam highlighted the distinction between challenges faced by low-income and middle-income countries, focusing on the transition towards a knowledge-based economy. He also pointed out that countries like Japan and Germany are seeking Indian professionals to address their aging populations and workforce shortages.
India's demographic advantage, with a young and growing working-age population, is expected to be a significant contributor to its economic growth in the coming decades.