India Becomes World’s Third-Largest Economy, Surpassing Germany in GDP Rankings
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India Overtakes Germany to Become World’s 3rd Largest Economy
June 23, 2025 – New Delhi —
India has made history by surpassing Germany to become the third-largest economy in the world, according to the latest data released by the International Monetary Fund (IMF). With a nominal GDP of $4.54 trillion, India now trails only the United States and China in global economic rankings.
This milestone comes amid a decade of steady reforms, rising foreign investments, and a booming digital and service economy. Experts cite India's young population, strong consumer base, and government policies such as Make in India and Digital India as major factors driving this growth.
Prime Minister Narendra Modi called it a “historic moment for every Indian,” stating that this achievement reflects “the strength, ambition, and resilience of 1.4 billion people.”
Key Highlights:
India’s GDP now stands at $4.54 trillion, surpassing Germany’s $4.44 trillion.
Sectors contributing most: IT & Services, Manufacturing, Exports, and Renewable Energy.
India remains the fastest-growing major economy, with 7.8% projected growth for 2025.
Government eyes $5 trillion economy target by 2026.
The IMF’s Chief Economist praised India’s stable macroeconomic environment and reforms in taxation, infrastructure, and digitization. This economic leap also strengthens India’s position in global negotiations, trade deals, and multilateral forums.
Global Reactions:
The global business community has responded with interest, with tech giants and investors eyeing India as a prime destination for innovation and manufacturing in the coming years.
Stay tuned to The Entire Times for more updates on this historic economic shift.