Good news for India on cusp of New Year 2026 as it overtakes Japan to become 4th largest….

The RBI revised India’s GDP growth forecast for FY 2025-26 upwards to 7.3 per cent from the earlier estimate of 6.8 per cent.

New Year 2026: In a matter of good news for the Indian economy ahead of News year 2026, India has surpassed Japan to become the world’s fourth-largest economy. Poised to displace Germany from the third rank in the next 2.5 to 3 years, the Indian economy stands at the trajectory with projected GDP of $7.3 trillion by 2030, the GDP of India is now valued at $4.18 trillion. Notably, India is among the world’s fastest-growing major economies and is well-positioned to sustain this momentum. Here are all the details you need to know about India’s economic trajectory.

India’s growth momentum

The growth momentum further surprised on the upside, with GDP expanding to a six-quarter high in Q2 of 2025-26, reflecting India’s resilience amid persistent global trade uncertainties. Domestic drivers-led by robust private consumption-played a central role in supporting this expansion, according to the statement.

India’s real GDP growth

As per the data released by Government of India, India’s real GDP grew 8.2 per cent in Q2 FY2025-26, up from 7.8 per cent in the previous quarter and 7.4 per cent in Q4 of 2024-25, led by resilient domestic demand amidst global trade and policy uncertainties. Also, the Real gross value added (GVA) expanded by 8.1 per cent, catalysed by buoyant industrial and services sectors.

World’s fastest-growing major economies

“India is among the world’s fastest-growing major economies and is well-positioned to sustain this momentum. With the ambition of attaining high middle-income status by 2047 — the centenary year of its independence — the country is building on strong foundations of economic growth, structural reforms, and social progress,” according to the statement.

What RBI said on India’s GDP growth forecast?

The RBI revised India’s GDP growth forecast for FY 2025-26 upwards to 7.3 per cent from the earlier estimate of 6.8 per cent.