As India surpassed Japan to become the fourth-largest economy in terms of nominal GDP, Andhra Pradesh Chief Minister Chandrababu Naidu on Sunday called for all states to unite and work together to achieve the goal of Viksit Bharat 2047.
On Friday evening, addressing a press conference of the 10th NITI Aayog Governing Council Meeting on 'Viksit Rajya for Viksit Bharat 2047', NITI Aayog Chief Executive Officer (CEO) BVR Subrahmanyam said that India has overtaken Japan to become the world's fourth-largest economy.
Bharatiya Janata Party MP Manoj Tiwari on Sunday exuded confidence that India will soon overtake Germany to become the world's third-largest economy, noting that the difference between both countries is not very large.
Bhandari credited this remarkable rise to Prime Minister Narendra Modi's visionary leadership over the past 11 years, strengthening India's economic foundations and propelled the country's rapid growth despite global challenges.
Union Agriculture Minister Shivraj Singh Chouhan on Sunday praised Prime Minister Narendra Modi's leadership for India becoming the world's fourth largest economy.
NITI Aayog Chief Executive Officer (CEO) BVR Subrahmanyam said that India has overtaken Japan to become the world's fourth-largest economy, citing data by the International Monetary Fund.
Union Minister of Road and Highways Nitin Gadkari on Monday said that India can become 'Vishwaguru' only after we build an international-standard infrastructure.
India's domestic demand is expected to remain resilient, supported by the personal income tax concessions announced in the 2025 Union budget and the repo rate cut initiated by the Reserve Bank of India, S&P Global Market Intelligence said in a note.
The near-term global economic outlook is influenced by trade policies of major economies amid a slowing disinflation, said Chief Economic Adviser Anantha Nageswaran said on Friday, soon after the GDP figures for October-December was released.
The Indian economy grew by 6.2 per cent in real terms in the October-December quarter of the current financial year 2024-25, Ministry of Statistics and Programme Implementation's official data showed on Friday.
India has to maintain tax buoyancy between 1.2 and 1.5 in order to fulfil its Viksit Bharat vision and reach a medium-term growth trajectory of 6.5-7.0, said an Ernst & Young (EY), a multinational professional services firm.