India surpasses Japan to become world's 4th largest economy, says govt
New Delhi (PTI): India has surpassed Japan to become the world's fourth-largest economy with a size of USD 4.18 trillion, and is poised to overtake Germany to become the third-largest by 2030, the government has said.
With continuing good growth numbers, India is also the world's fastest-growing major economy.
India's real GDP grew 8.2 per cent in the second quarter of 2025-26, up from 7.8 per cent in the first quarter and 7.4 per cent in the fourth quarter of the last fiscal.
"With GDP valued at USD 4.18 trillion, India has surpassed Japan to become the world's fourth-largest economy, and is poised to displace Germany from the third rank in the next 2.5 to 3 years with a projected GDP of USD 7.3 trillion by 2030," according to a government release providing a snapshot of reforms in 2025.
The US is the world's largest economy, and China occupies the second spot.
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, it said.
Domestic drivers, led by robust private consumption, played a central role in supporting this expansion.
The release further said international agencies have echoed this optimism and cited projections made by various entities.
The World Bank has projected a 6.5 per cent growth in 2026; Moody's expects India to remain the fastest-growing G20 economy with a growth of 6.4 per cent in 2026 and 6.5 per cent in 2027.
The IMF has raised its projections to 6.6 per cent for 2025 and 6.2 per cent for 2026; the OECD forecasts 6.7 per cent growth in 2025 and 6.2 per cent in 2026.
Also, S&P anticipates a growth of 6.5 per cent in the current fiscal and 6.7 per cent in the next; the Asian Development Bank has lifted its 2025 forecast to 7.2 per cent; and Fitch has raised its FY26 projection to 7.4 per cent on stronger consumer demand.
"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," the government said.
The release also highlighted that inflation remains below the lower tolerance threshold, unemployment is on a declining trajectory, and export performance continues to improve.
Furthermore, financial conditions have stayed benign, with strong credit flows to the commercial sector, while demand conditions remain firm, supported by a further strengthening of urban consumption.
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Congress protests at Utkal Bhavan over killing of Bengali migrant worker in Odisha
Kolkata (PTI): The Congress on Tuesday staged a protest in front of Utkal Bhavan here against the killing of a migrant worker from Murshidabad district in Odisha, alleging a growing pattern of violence against Bengali-speaking workers across several states.
The demonstration was led by Congress leader Manoj Chakraborty, who said the latest incident in Odisha, where a young man from Murshidabad was allegedly beaten to death, reflected an alarming trend of harassment and attacks on Bengali migrant workers.
Chakraborty claimed that workers from West Bengal were being targeted and "tortured" in states such as Odisha, Delhi, Uttar Pradesh and Rajasthan, often merely for speaking the Bengali language.
"The workers are forced to leave their homes because there is no livelihood, no jobs, in their areas. When they go outside the state to earn a living, they are attacked for their identity," Chakraborty told reporters during the protest.
Demanding immediate government intervention, the Congress leader said the safety of migrant workers must be ensured through institutional measures. He urged the government to issue official identity cards to all migrant workers at the earliest.
"These identity cards should clearly mention the worker's home district, the local police station and the contact number of a police officer so that they can seek immediate help while working outside the state," he said.
The Congress leader said that such incidents would continue unless concrete steps were taken to protect migrant workers.
A 30-year-old migrant worker from West Bengal was allegedly killed in Odisha's Sambalpur district following an altercation over a bidi recently, police said.
Juel Sheikh was working, along with a few others from West Bengal, in the construction of a building in Shanti Nagar in the Ainthapalli police station area.
They were returning from work when a group of six men stopped them and asked for a bidi. An altercation broke out, leading to a scuffle between the two sides, police said.
Juel was thrashed severely, and he died while undergoing treatment at the Sambalpur hospital. The six accused persons have been arrested by the police.
West Bengal's ruling TMC claimed that Juel was beaten to death over suspicion that he was an illegal Bangladeshi immigrant.
