New Delhi, May 6 -- India is set to overtake Japan and become the fourth-largest economy in the world in 2025, reported the news agency Times of India, citing the International Monetary Fund (IMF) World Economic Outlook (WEO) report.

As per the news report, India's nominal GDP is expected to rise to $4,287.017 billion in the financial year 2025-26, higher than the $4,186.431 billion expectation of Japan's nominal GDP.

In the World Economic Outlook report, India is expected to grow at a more "stable" rate in the year 2025, fueled by private consumption. However, the report also highlighted that this growth rate is 0.3 per cent lower than the previous estimates released in Janaury 2025.

"For India, the growth outlook is relatively more s...