By 2025-26 (FY26), the Indian economy would equal Germany’s to be the fourth-largest. It would become the third-largest by which Financial year?

Solution

According to the International Monetary Fund’s (IMF’s) World Economic Outlook 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. 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. The following year, India’s economy would hit the $5.36-trillion mark, higher than Japan’s at $5.17 trillion. That year, India would become the third-largest economy. India would become a $3.47-trillion economy, while the UK’s would be $3.2 trillion in the current financial year (2022-23), according to the data provided by the IMF. By FY26, India’s economy would be $4.55 trillion, equal to the size of Germany’s which was bigger than the former by over $1 trillion in FY22. In fact, if figures are not rounded off, India’s economy would be bigger than Germany’s by $1 billion in FY26.