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Govt’s structural reforms, economic policies make India world's fourth-largest economy: Anurag Thakur
Jan-02-2026

Former Union Minister Anurag Thakur said that India has emerged as the world's fourth-largest economy due to series of structural reforms and effective economic policies implemented by government over past 11 years. Currently, India has reached a new milestone, overtaking Japan to become the world’s fourth-largest economy, with Gross domestic Product (GDP) valued at $4.18 trillion. With strong growth momentum, India is now on track to displace Germany from the third rank in the next 2.5 to 3 years with projected GDP of $7.3 trillion by 2030.

He said this pace of economic growth has exceeded expectations, with GDP reaching a six-quarter high at 8.2 per cent in Q2 of 2025-26. He said that India's real GDP grew at a high pace in the July-September quarter of FY26, underpinned by resilient domestic demand amidst global trade and policy uncertainties. This is higher than the 7.8 per cent growth in the previous quarter. He also noted that RBI revised India’s GDP forecast for FY25-26 upwards to 7.3%, compared with the earlier estimate of 6.8%. These figures demonstrate that India is steadily moving forward in the economic sphere and establishing a strong position on the world stage. 

He further said India's foreign exchange reserves have reached an all-time high, crossing the $700 billion mark for the first time. This is a significant increase from the approximately $311 billion in foreign exchange reserves during the UPA government's tenure in 2014.   


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