{"id":5060,"date":"2024-11-18T17:25:38","date_gmt":"2024-11-18T11:55:38","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=5060"},"modified":"2024-11-18T17:25:40","modified_gmt":"2024-11-18T11:55:40","slug":"india-poised-to-surpass-japan-in-nominal-gdp-rankings-by-2025","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/india-poised-to-surpass-japan-in-nominal-gdp-rankings-by-2025\/","title":{"rendered":"India Poised to Surpass Japan in Nominal GDP Rankings by 2025"},"content":{"rendered":"\n<p>India is on track to overtake Japan in nominal Gross Domestic Product (GDP) rankings, driven by sustained economic growth and a stable currency, while Japan faces stagnation and a weakening yen.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Key Predictions:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>International Monetary Fund (IMF):<\/strong> India could surpass Japan in GDP by <strong>2025<\/strong>.<\/li>\n\n\n\n<li><strong>Capital Economics:<\/strong> Initially forecasted the shift for 2026 but is revising predictions following recent developments.<\/li>\n\n\n\n<li><strong>S&amp;P Global Ratings:<\/strong> Projects the change by <strong>2030<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Current Scenario:<\/h3>\n\n\n\n<p>In 2023, India\u2019s GDP stood at <strong>$3.55 trillion<\/strong>, while Japan\u2019s was <strong>$4.22 trillion<\/strong>, according to World Bank data. The IMF predicts <strong>7% GDP growth for India in 2024<\/strong> and <strong>6.5% in 2025<\/strong>, compared to Japan\u2019s modest growth forecast of <strong>0.3% for 2024<\/strong> and <strong>1.1% for 2025<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Contributing Factors:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Population Growth:<\/strong> India\u2019s large and growing population underpins its economic momentum.<\/li>\n\n\n\n<li><strong>Currency Impact:<\/strong> Japan\u2019s <strong>weak yen<\/strong> against the dollar contrasts with India\u2019s stable rupee, making India\u2019s economy more competitive in market exchange rate comparisons.<\/li>\n\n\n\n<li><strong>Resilient Growth:<\/strong> India has maintained steady economic expansion since 2000, while Japan has grappled with deflation and recessions.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Challenges and Perspective:<\/h3>\n\n\n\n<p>The GDP per capita for India, though, remains at a low of approximately $2,500 against the $34000 of Japan. This would therefore mean that there is a big and real difference in the living standards and income levels.<\/p>\n\n\n\n<p>Economists also warn that any severe economic or political disruptions could change these timelines. However, India&#8217;s consistent rise in GDP, along with strategic policies, has placed it in a position whereby it could eventually surpass Germany as the third-largest economy in the world and move into third place behind the U.S. and China.<\/p>\n\n\n\n<p>Do you have a news tip for Lakshmishree reporters? Please email us at <a>media@lakshmishree.com<\/a><\/p>\n\n\n\n<p><sup><sub>Source: <a href=\"https:\/\/www.japantimes.co.jp\/business\/2024\/11\/12\/economy\/india-japan-gdp\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.japantimes.co.jp\/business\/2024\/11\/12\/economy\/india-japan-gdp\/\" rel=\"noreferrer noopener\">Japantimes<\/a><\/sub><\/sup><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India is on track to overtake Japan in nominal Gross Domestic Product (GDP) rankings, driven by sustained economic growth and a stable currency, while Japan faces stagnation and a weakening yen. Key Predictions: Current Scenario: In 2023, India\u2019s GDP stood at $3.55 trillion, while Japan\u2019s was $4.22 trillion, according to World Bank data. The IMF [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5061,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[53],"tags":[700],"class_list":["post-5060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-market","tag-india-surpass-gdp-2025"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=5060"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5060\/revisions"}],"predecessor-version":[{"id":5062,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/5060\/revisions\/5062"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/5061"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=5060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=5060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=5060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}