India is expected to surpass Japan and become the world’s fourth-largest economy by 2026, as reported by the PHD Chamber of Commerce and Industry (PHDCCI). The organization has predicted a 6.8% growth in India’s GDP for the current financial year, with an even more optimistic 7.7% growth anticipated for FY26.
Hemant Jain, President of PHDCCI, commended the resilience of the Indian economy, highlighting its steady recovery and strong performance over the past three years. “India’s growth story is on a clear upward trajectory. We are set to overtake Japan, marking our economic ascent on the global stage,” Jain stated.
These positive forecasts reflect India’s strong economic fundamentals, bolstered by a growing consumer base, industrial growth, and rising foreign investment. As the country continues to solidify its role in the global economy, its rise to the fourth position among the world’s largest economies is expected to enhance its influence and potential internationally.