Business

India Set To Become Fourth-Largest Economy By 2026: PHDCCI

India is poised to emerge as the most resilient economy among the top 10 leading economies over the next three years, according to the PHD Chamber of Commerce and Industry (PHDCCI).

The country will likely become the fourth-largest economy by 2026, surpassing Japan, driven by strong growth and robust economic fundamentals.

India’s GDP will likely grow by 6.8% in the current financial year (2024-25) and reach 7.7% in FY2025-26.

The country’s GDP is likely to exceed $4 trillion in 2025, reinforcing its position as a global economic powerhouse.

According to an analysis by the PHD Research Bureau, the five major economic indicators highlight the overall strength of the economy:

GDP Performance,

Export Trends,

Saving and Investment,

Debt-to-GDP Ratio, and

Fiscal Consolidation Efforts

PHDCCI President Hemant Jain remarked, “With the Indian economy growing resiliently over the past three years, the economy will likely become the fourth largest economy in the world by 2026, surpassing Japan.”

India also leads in GDP growth among the top 1Foreign Direct Investment (FDI)0 global economies, both in past performance (2022-2024) and in the future outlook (2025-2027).

“The country emerges as the leader in export growth among the top 10 economies, for the futuristic outlook (2025-2027), improving from its second rank in past performance (2022-2024), supporting India’s ambitious target of $2 trillion exports by 2030,” the PHDCCI asserted.

Investment and savings are likely to continue their strong momentum, with projections of around 33% and 32% of GDP, respectively.

India achieved a significant milestone in foreign direct investment (FDI). Cumulative FDI inflows reached $1 trillion from 2000 to 2024. In the first half of the 2024-2025 financial year, FDI exceeded $40 billion.

The economy stays resilient despite a weak global outlook and ongoing geopolitical challenges.

“Amid this challenging external landscape, India’s geopolitical significance is growing significantly, earning appreciation from international institutions,” Jain said.

Also Read: India Ranks 27th In QS World Future Skills Index; Excels In Future Of Work Category

Mankrit Kaur

Recent Posts

Neurosurgeon Reveals Everyday Habits That Gradually Harm Brain Health

Neurosurgeon Dr Richard Veyna warns that poor sleep, stress, inactivity, and sugary diets can harm…

2 hours ago

Amazon Diwali Sale: Last-Minute Smartphone Deals You Can Grab Before October 20

Amazon Diwali sale ends October 20; grab last-minute deals on Samsung, Apple, OnePlus, Realme, and…

2 hours ago

Government Extends GSTR-3B Filing Deadline By Five Days Owing To Festive Season

The government has extended the GSTR-3B filing deadline to 25 October 2025, giving taxpayers extra…

3 hours ago

Virat Kohli Returns To International Cricket; Claims Peak Fitness After Hiatus

Virat Kohli returns to international cricket for India’s ODI series in Australia, asserting peak fitness…

5 hours ago

Ibrahim Ali Khan Shares Festive Selfie With Brothers Taimur And Jeh; Calls Them ‘Teeno Bhai Teeno Tabahi’

Ibrahim Ali Khan celebrates Diwali with a festive selfie alongside his younger brothers Taimur and…

6 hours ago

US Destroys Drug-Smuggling Submarine In Caribbean; Repatriates Survivors To Colombia And Ecuador

President Donald Trump confirms the destruction of a drug-carrying submarine in the Caribbean, with two…

6 hours ago