Brief by Shorts91 Newsdesk / 02:27pm on 26 May 2025,Monday Business
As India surpasses Japan to become the world’s fourth-largest economy with a $4 trillion GDP, strategist Sidharth dismisses critiques centered on India’s low per capita GDP. “India isn’t catching up, it’s overtaking,” he said, highlighting India’s 9.2% per capita growth in 2023, faster than most European nations. While India’s per capita GDP of $2,400 trails many countries, Sidharth emphasizes the nation’s scale, momentum, and strategic impact over boutique metrics. NITI Aayog CEO expects India to become the third-largest economy within 2-3 years. Experts link India’s rise to Japan’s economic decline due to aging and deflation. (PC: Business Today)
