India's Revised GDP Estimates Delay Overtaking Japan as Third-Largest Economy

Revisions to India's GDP data using a new base year lowered the nominal GDP estimate for fiscal year 2025-26 to around Rs 345 lakh crore (approximately $3.79-4 trillion), down from earlier forecasts. This adjustment, along with currency depreciation against the dollar and a stronger yen, delays India's expected overtaking of Japan as the world's third-largest economy to 2027-28. Economists and officials acknowledge strong real growth prospects but note that exchange rates and external factors influence the timeline.