India has surpassed Japan to become the world's fourth largest economy with a GDP of $4.18 trillion. The government said India is set to become the third largest economy by 2030, overtaking Germany with a projected GDP of $7.3 trillion. India's real GDP grew 8.2% in the second quarter of 2025-26, up from 7.8% in the first quarter. This growth is the fastest among major economies. The United States remains the largest economy, followed by China at second place. Robust private consumption has been the main driver of growth despite global trade uncertainties. International agencies are optimistic about India's future growth. The World Bank projects 6.5% growth in 2026, Moody's forecasts 6.4% in 2026 and 6.5% in 2027, IMF raised its forecast to 6.6% for 2025, and OECD expects 6.7% growth in 2025. The Asian Development Bank has lifted its 2025 forecast to 7.2%, and Fitch increased its FY26 projection to 7.4%. The government highlighted that inflation is under control, unemployment is falling, and exports are improving. Financial conditions remain stable with strong credit flows. India aims to reach high middle-income status by 2047, the 100th year of independence, building on strong economic growth, reforms, and social progress.