India's Economic Ascent: Set to Overtake Germany as World's 3rd Largest Economy

• India is now the world's 4th largest economy with a GDP of $4.18 trillion, surpassing Japan.
• Analysts project India to overtake Germany ($5 trillion GDP) by 2027-28, claiming the 3rd position globally.
• IMF and S&P Global forecast India's GDP to reach $7.3 trillion by 2030-31, potentially ranking 2nd by 2050 (PwC).
• Growth is driven by a young workforce, digital revolution, manufacturing expansion, FDI, and government initiatives like Make in India.
• Benefits include job creation, rising wages, and affordable loans, though challenges like inflation and unemployment persist.

Why It Matters: India's rapid economic growth positions it to become the world's 3rd largest economy soon, driven by key reforms.