India is set to overtake Japan as the world's fourth-largest economy, marking a significant shift in Asia's economic balance, according to the latest Rubix Country Insights Report: Japan by Rubix Data Sciences.
After India officially became the world's fourth-largest economy, Union Minister Jitendra Singh called the achievement "very good news" for the country, crediting Prime Minister Narendra Modi's "farsighted leadership" and the strategic use of technology for the economic progress.
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.