India is now fourth largest economy, says govt.

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India's government announced that its GDP has reached $4.18 trillion, making it the world's fourth largest economy, having surpassed Japan, with projections to surpass Germany and become third by 2030 at $7.3 trillion.

The government says that with the GDP valued at $4.18 trillion, “India has surpassed Japan to become the world’s fourth largest economy”, it says that the country is “poised to displace Germany from the third rank” with a projected GDP of $7.3 trillion by 2030