India’s Economic Leap: Overtake Japan by 2025
- IMF predicts India’s economy to surpass Japan’s nominal GDP by 2025.
- India will become the fourth-largest global economy with a GDP of $4.34 trillion.
- Growth driven by robust capital spending and resilient domestic demand.
- Government’s emphasis on capital expenditure is driving the rise.
- Issues like inflation and unemployment prompt debates on Prime Minister Narendra Modi’s economic strategies.
