New Delhi/IBNS, Dec. 31 -- India has surpassed Japan to become the fourth largest economy in the world, the government announced on Tuesday.

One of the world's fastest-growing major economies, India is projected to overtake Germany and become the third largest economy globally, with a GDP of USD 7.3 trillion by 2030, the government said.

The statement highlighted that India's GDP expanded to a six-quarter high in Q2 of 2025-26, reflecting the economy's resilience amid persistent global trade uncertainties. Domestic demand, led by robust private consumption, played a central role in supporting this growth.

High-frequency indicators show sustained economic activity: inflation remains below the lower tolerance threshold, unemployment is d...