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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Mumbai gears up for New Year celebrations; over 17,000 cops to be on duty
Mumbai (PTI): The Mumbai police have deployed more than 17,000 personnel as part of elaborate security arrangements to maintain law and order during the New Year celebrations, an official said on Tuesday.
Large gatherings are expected at prominent places in the city, including the Gateway of India, Marine Drive, Girgaon Chowpatty, Bandra Bandstand, Juhu and Versova beaches starting Wednesday evening. The celebrations at various hotels, restaurants and malls are likely to continue till the wee hours of Thursday.
In view of the celebrations, the police have made arrangements for a strict vigil to avoid any untoward incident in the city, the official said.
Nakabandi (police checkposts) will be set up at key locations, important roads, and patrolling on streets will be intensified, he said.
"The Mumbai police, along with the traffic wing, have deployed a massive security force comprising 10 Additional Commissioners of Police, 38 Deputy Commissioners of Police, 61 Assistant Commissioners of Police, 2,790 police officers and 14,200 police personnel," the official said.
In addition, the State Reserve Police Force (SRPF) platoons, Quick Response Team (QRT) teams, Bomb Detection and Disposal Squad (BDDS) teams, Home Guards and other forces have been deployed at sensitive and important locations, according to him.
The police will take strict action against those involved in eve-teasing, sale of illicit liquor and drugs, among other things, he said.
The police appealed to people to ring in the New Year and enjoy the celebrations in a peaceful manner by following all the rules.
Citizens are advised to contact the police helpline numbers 100 or 112 for immediate assistance, the official added.
In adjoining Thane, police have launched an enforcement campaign to ensure safety of revellers during New Year celebrations. Authorities have deployed a heavy force to monitor traffic violations and drunk driving.
Under the directives of Thane Police Commissioner Ashutosh Dumbare and Joint Commissioner Dnyaneshwar Chavan, the Traffic Branch has deployed 739 personnel, including 59 officers, across the city.
Road blockades have been established at 54 strategic locations across the city to regulate traffic.
Specific "hotspots" identified for intensive monitoring include Yeur, Upvan, Durgadi, Katai Naka, Mumbra, and Ranjanoli Naka. Police will use 51 breath analyzer machines to test motorists and have warned that strict action will be taken against those creating noise or behaving inappropriately.
Establishments such as bars, hotels, and farmhouses have been issued specific instructions to prevent patrons from driving under the influence of liquor.
Pankaj Shirsath, Deputy Commissioner of Police (Traffic Branch), emphasized the need for collective responsibility.
"The Thane traffic department is making sincere efforts to ensure that New Year celebrations are conducted smoothly. Therefore, it is very important to follow traffic rules as driving under the influence of alcohol, stunts or speeding can cause accidents," he cautioned.
