India set to surpass Japan as world's third-largest economy by 2027
By 2027, India is expected to rank as the fifth-largest economy in the world, trailing China, the United States, and Germany, surpassing Japan, which will fall to sixth place. Its Gross Domestic Product (GDP) is projected to reach $4.52 trillion, with a growth rate of 7% in 2027, driven by strong domestic demand and massive technological investments. Conversely, Japan faces challenges such as rising fuel prices, the depreciation of the yen, and an aging population, which hinder its growth, expected not to exceed 0.7%. Additionally, rising energy prices and increased consumer prices are impacting the economy. The forecasts indicate that Japan will slip from the fourth to the sixth spot, while emerging economies continue to be the main drivers of growth in Asia.
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