“We are the fourth largest economy as I speak. We are a $4 trillion economy, and this is not my data — it’s IMF data. India today is larger than Japan,” said B V R Subrahmanyam, CEO of NITI Aayog, after the 10th NITI Aayog Governing Council meeting on May 25, claiming India to have ‘officially’ become the fourth-largest economy.

Subrahmanyam confused IMF GDP projections for 2025 (2025-2026 for India) with the actual size of India’s and Japan’s economies. The IMF, in its economic outlook released in April, projected a higher by a whisker GDP for India at $4.197 billion against Japan’s $4.196 billion.

The IMF has updated its projections for 2025 in its October outlook. India is now projected to have a lower GDP than Japan in 2025. India is not, as per the IMF, a la Subrahmanyam, ‘officiall

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