5 reasons why India may overtake Japan to become 4th largest economy

India’s economy expanded by 5.4 per cent in the July-September quarter of the ongoing fiscal year, marking a slowdown from the previous quarter’s 6.7 per cent growth.

Despite this deceleration, India maintains its position as the fastest-growing major economy globally.

It’s this kind of sustained growth that had led to expectations that India will surpass Japan to become the world’s fourth-largest economy. The International Monetary Fund (IMF) projects that this will happen as early as 2025.

The international body estimates Indian economy’s size would be $4.34 trillion, compared to Japan’s $4.31 trillion.

Here’s a look at five factors that could be responsible for such an achievement:

With inputs from agencies

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5 reasons why India may overtake Japan to become 4th largest economy