Anand Mahindra, Harsh Goenka hail India’s rise to 4th largest economy: ‘We must stay dissatisfied’

As India reached a historic milestone of becoming the fourth largest economy in the world, RPG Enterprises chairman Harsh Goenka and Mahindra Group chairperson hailed the huge feat, expressing their happiness at the country's achievement.

In a post on X, Goenka expressed how India went from being ‘zero’ to the fourth largest economy in the world.

“From the land of zero to the 4th largest economy in the world! India surpasses Japan with a GDP of $4.187 trillion,” Harsh Goenka said.

“A billion dreams, one unstoppable journey. Jai Hind,” he added.

Harsh Goenka further shared a picture, which showed the top 10 economies in the world.

Check out Harsh Goenka's X post:

Anand Mahindra hails India

In a post on X , Anand Mahindra recalled how surpassing Japan was a dream during his college days.

“When I was in business school, the idea of India overtaking Japan in GDP felt like a distant, almost audacious dream. Today, that milestone is no longer theoretical — we’ve become the world’s fourth largest economy,” he said.

“It’s no small achievement. Japan has long been an economic colossus, with legendary productivity and resilience. That we’ve caught up is a testament to the ambition and ingenuity of millions of Indians — across sectors, generations, and geographies.,” Mahindra added.

However, the Mahindra group chairman noted we must stay ‘dissatisfied’ and strive to increase India's per capita GDP.

“But as we celebrate, we must stay dissatisfied. Because India’s next leap must be in per capita GDP, not just overtaking Germany. For us to keep Rising, India needs sustained economic reforms — in governance, infrastructure, manufacturing, education, and capital access,” he said.

India becomes 4th largest economy in the world

NITI Aayog CEO BVR Subrahmanyam on Sunday said India has become the fourth largest economy in the world, surpassing Japan. The NITI Aayog CEO cited IMF data as he made the announcement.

He said India is now a $4 trillion economy.

“We are the fourth largest economy as I speak. We are a $4 trillion economy as I speak, and this is not my data. This is IMF data. India today is larger than Japan,” he said.

Addressing a press conference of the 10th NITI Aayog Governing Council Meeting on 'Viksit Rajya for Viksit Bharat 2047', NITI Aayog CEO BVR Subrahmanyam said the overall geopolitical and economic environment is favourable to India.

“It is only the US, China and Germany which are larger than India, and if we stick to what is being planned and what is being thought through, in 2.5-3 years, we will be the third largest economy,” he added.

The International Monetary Fund (IMF), in its World Economic Outlook (WEO) report released in April had said that India is expected to be the fourth largest economy in the world with a GDP of $4.19 trillion in 2025, ahead of Japan.

India's nominal GDP for 2025 (FY26) is expected to be USD 4.187 billion marginally more than the likely GDP of Japan which is estimated at USD 4.187 billion, the IMF had said.

According to IMF data, India's per capita income has doubled from $1,438 in 2013-14 to $2,880 in 2025.

India was the fifth largest economy in the world till 2024.