India may become third biggest economy by 2028: Report

Amid talks of slowdown and recession, the International Monetary Fund (IMF) has praised India for its economic growth and structural reforms and said it is projected to become the world's third largest economy by 2029.

According to International Monetary Fund (IMF) World Economic Outlook database, India is no longer far behind the US, China, Japan and Germany in terms of the size of its economy.

In 2025-26, the Indian economy will be the fourth largest economy in the world at par with Germany as per IMF Data.

The size of the Indian economy will increase to $ 4.94 trillion in 2026-27. The Indian economy will grow to $5.36 trillion against Japan's $5.17 trillion.

Earlier in the January-March quarter of FY 2021-22, India had overtaken the United Kingdom as fifth largest economy.