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India has emerged as the fourth-largest economy in the world, according to the latest World Economic Outlook report by the International Monetary Fund (IMF).
India achieved the feat by overtaking Japan with a GDP of $4.187 trillion and a per capita GDP of $2,934, combining its rapid economic growth with a massive population.
The development was also bolstered by India’s expanding service sector, tech industry, and domestic demand.
The United States retains its position as the world’s largest economy with a GDP of $30.507 trillion, backed by strong consumer spending, innovation, and a diverse industrial base.
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China comes in second place, boasting a GDP of $19.231 trillion. Its growth has been attributed to industrial strength and a vast consumer base.
In third place is Germany with a GDP of $4.744 trillion. As a nation dependent on engineering and an export-driven economy, it plays a central role in the European Union.
See the full list of countries with the largest economies in the world below:
- United States
- China
- Germany
- India
- Japan
- United Kingdom
- France
- Italy
- Canada
- Brazil
