New Delhi, May 6 -- :India is poised to become the world's fourth-largest economy in 2025 with the country's nominal GDP rising to $4,187.017 billion during the year to surpass Japan's GDP pegged at $4,186.431 billion, according to the IMF's World Economic Outlook report. According to the report, India continues to remain the world's fastest growing major economy and the only country expected to clock over 6 per cent growth in the next two years.

Japan, on the other hand, is expected to be hard hit by the global trade war with its growth stagnating at 0.6 per cent for 2025 and 2026. The high rate of growth will see India's GDP increasing to $5,584.476 billion in 2028 as it overtakes Germany to become the third largest economy.

The IMF ...