India’s gross domestic product could soon become larger than Japan’s, according to some economists, as economic stagnation and a weak yen take the world's No. 4 economy to the fifth spot.
“Based on our existing forecasts, we had expected India to overtake Japan in 2026,” said Marcel Thieliant, head of Asia-Pacific for Capital Economics, who added that the forecasts are currently being reviewed in light of recent events.
The International Monetary Fund sees the switch happening in 2025. S&P Global Ratings is looking at 2030 for the two countries to swap places.
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