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According to PDCCI, India's GDP would overtake Japan and rank fourth in the world by 2026

Published on January 17, 2025
Current Context: The report titled "Economic Outlook 2025" was released by the PHD Chamber of Commerce and Industry (PHDCCI) on January 15, 2025.
According to PDCCI, India's GDP would overtake Japan and rank fourth in the world by 2026
  • It highlights India's projected economic growth and its potential to become the fourth-largest economy in the world by 2026, overtaking Japan.
  • Key Highlights:
    • Projected Growth: The report forecasts India's GDP growth at 6.8% in FY25 and 7.7% in FY26.
    • Global Ranking: India is expected to become the fourth-largest economy by 2026, surpassing Japan.
    • Drivers of Growth: Key factors include robust economic reforms, infrastructure development, and strong domestic consumption.
    • Economic Resilience: The report emphasizes India's resilience and dynamic business environment as crucial elements in driving future growth.

Question:

1. What is the projected GDP growth rate for India in FY25, as per the "Economic Outlook 2025"?

  • A) 6.8%
  • B) 6.5%
  • C) 7.5%
  • D) 7.7%
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