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In a remarkable milestone, India has officially overtaken Japan to become the world’s fourth-largest economy , according to the International Monetary Fund (IMF) . The announcement was made by BVR Subrahmanyam , CEO of NITI Aayog , during the 10th Governing Council Meeting held in New Delhi , chaired by Prime Minister Narendra Modi . India Touches the $4 Trillion Mark BVR Subrahmanyam stated that India’s economy has reached the USD 4 trillion level , marking a significant advancement in its global economic standing. Citing the IMF’s April 2025 World Economic Outlook , Subrahmanyam said: "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. Only the United States, China, and Germany are ahead." India has now moved up from being the fifth-largest economy in 2024 to its current fourth position, overtaking Japan with marginal differences in nominal GDP projections. IMF Projections Confirm India’s Lead ...

Prime Minister Modi Champions the North-East at Rising Northeast Summit 2025 At the Rising Northeast Investors Summit 2025 held at Bharat Mandapam, New Delhi , Prime Minister Narendra Modi emphasized the unparalleled diversity and potential of North-East India . Addressing the summit, PM Modi stated, “From trade to tradition, from textiles to tourism – the North-East is the most diverse part of our diverse nation.” He praised the region's rich strengths, saying: It is a hub of bio-economy and bamboo Known for tea production and petroleum resources A source of sports talent and skilled workforce A rising centre for ecotourism and organic products A powerhouse of energy PM Modi referred to the region as "Ashtalakshmi" , invoking the eight forms of the goddess of wealth, highlighting each state's readiness for investment and leadership . He reiterated that the development of Eastern India, particularly the North-East , is crucial for building...

Massive Decline in Extreme Poverty, Says World Bank According to the World Bank’s latest "Poverty and Equity Brief" report, extreme poverty in India has dramatically declined between 2011-12 and 2022-23. The number of people living below the international poverty line (USD 2.15/day) dropped from 16.2% to just 2.3% , lifting 171 million people above extreme poverty. The findings also highlight a sharp fall in rural poverty from 18.4% to 2.8% , and a decrease in urban poverty from 10.7% to 1.1% during this period. The rural-urban poverty gap has significantly narrowed from 7.7 to 1.7 percentage points , indicating faster poverty alleviation in rural India. Government Claims Success of Inclusive Development Model The Narendra Modi-led Central Government quickly welcomed the World Bank's findings. The Ministry of Information and Broadcasting issued a statement calling it a "decisive victory" against poverty and an endorsement of the government’s pro...