India overtakes Japan to become the world’s fourth-largest economy, a first in 61 years

According to IMF projections released on October 15, India will become the world’s fourth-largest economy in 2027, with nominal GDP of $4.52 trillion. The United States, China and Germany will retain the top three spots, while the United Kingdom will rank fifth at $4.49 trillion and Japan sixth at $4.47 trillion. Japan has not been overtaken by the UK for 61 years. The ranking is sensitive to exchange rates, and the yen’s depreciation has reduced the value of Japan’s economy when measured in dollars.