India, currently the world’s 5th largest economy, is set to surpass Germany and Japan in the coming years, reaching the 3rd spot by 2028. The country’s nominal GDP has doubled in the last decade, cementing its position as the fastest-growing major economy globally. According to the IMF’s projections for 2025, India’s GDP will stand at $4,187 billion, while the U.S. and China will continue to lead with significantly larger economies, about 7.3 and 4.6 times that of India, respectively.

The U.S. remains the largest economy, expected to reach a nominal GDP of $30.5 trillion by 2025. China will follow with a GDP of $19.2 trillion. Despite India’s rapid growth, it is expected to become the 4th largest economy by 2026, with $4.6 trillion in GDP, before reaching the 3rd position in 2028 with a projected $5.6 trillion.

Other top economies in 2025 will include Germany ($4.7 trillion), Japan ($4.2 trillion), the United Kingdom ($3.8 trillion), and France ($3.2 trillion). Italy, Canada, and Brazil round out the top 10, with nominal GDPs of $2.4 trillion, $2.2 trillion, and $2.1 trillion, respectively.

India’s emergence as the 3rd largest economy is a testament to its rapid growth and increasing influence on the global stage.