The IMF projects India will overtake Japan to become the world's fourth-largest economy in 2027, behind the United States, China and Germany. Japan is forecast to grow just 0.7% in 2026, amid consumer price increases since spring 2022, higher energy costs linked to the Iran war, a weak yen and an ageing population. The IMF also welcomed India's revised GDP methodology as consistent with international best practice, though it said there was still room for improvement. The debate continues over India's 7.8% growth in the June quarter: former finance secretary S C Garg alleged the figure was artificially boosted by compressing the prior year's data, while Chief Economic Adviser V Anantha Nageswaran rejected the criticism as “cherry-picking”.
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- IMF backs India revised GDP methodology, projects it to overtake Japan as 4th-largest economy in 2027
The IMF projects that India will become the world's fourth-largest economy in 2027, overtaking Japan, and endorsed India's revised GDP methodology as consistent with international best practice. Krishna Srinivasan, director of the IMF's Asia and Pacific Department, called the revision a welcome development and praised the Ministry of Statistics and Programme Implementation (MoSPI), while noting there is still room for improvement. The endorsement comes amid a row over the 7.8% growth in the June quarter, which former finance secretary S C Garg questioned, alleging the previous year's figures were compressed; Chief Economic Adviser V Anantha Nageswaran rejected this as cherry-picking. The IMF raised its 2026 growth forecast for India to 7%, while Japan is projected to grow just 0.7% amid energy costs, inflation and an ageing population, and will slip behind India and the UK in 2027.
- Yes, California, you’re the world’s fourth-largest economy – Press Telegram
California’s latest GDP, based on the U.S. Bureau of Economic Analysis’s mid-year figures and measured in U.S. dollars, reached $4.53 trillion, up 5% from last year, placing the state fourth in the world behind the U.S., China and Germany. That position is tenuous, as California is only slightly ahead of Japan ($4.34 trillion), while the U.K. ($4.27 trillion) and India ($4.06 trillion) trail closely behind. The article notes that 2026 is not over, full IMF figures arrive in April 2027, and a roughly 3% rise in the dollar has boosted the U.S.-dollar-based results. Because of historical revisions, California ranked fifth from 2019 through last year, so 2026 could be its first year in the fourth spot.
- Yes, California, you're the world's fourth-largest economy – Daily Bulletin
Columnist Jonathan Lansner's calculations put California's 2026 GDP at $4.53 trillion, up 5% from 2025, which keeps the state narrowly fourth in the world behind the U.S. ($33 trillion), China ($22 trillion) and Germany ($5.5 trillion). The spot is tenuous: Japan's $4.34 trillion economy, which shrank 2%, is only slightly behind, while the U.K. ($4.27 trillion) and India ($4.06 trillion) follow. The article notes that 2026 is not over, the full picture will come with the IMF's April 2027 update, and a roughly 3% rise in the dollar has boosted dollar-denominated GDP totals. Revisions to historical data had ranked California fifth from 2019 through 2025 rather than fourth from 2024 as previously reported, so 2026 would be its first time in the No. 4 spot if the latest numbers hold.
- Yes, California, you're the world's fourth-largest economy – Orange County Register
Columnist Jonathan Lansner's calculations put California's 2026 GDP at $4.53 trillion, up 5% from 2025, which keeps the state narrowly fourth in the world behind the U.S. ($33 trillion), China ($22 trillion) and Germany ($5.5 trillion). The spot is tenuous: Japan's $4.34 trillion economy, which shrank 2%, is only slightly behind, while the U.K. ($4.27 trillion) and India ($4.06 trillion) follow. The article notes that 2026 is not over, the full picture will come with the IMF's April 2027 update, and a roughly 3% rise in the dollar has boosted dollar-denominated GDP totals. Revisions to historical data had ranked California fifth from 2019 through 2025 rather than fourth from 2024 as previously reported, so 2026 would be its first time in the No. 4 spot if the latest numbers hold.
- Yes , California , youre the world fourth - largest economy – Daily News
According to columnist Jonathan Lansner, California's latest GDP of $4.53 trillion, up 5% from 2025, keeps the state at the world's fourth-largest economy when compared with IMF estimates for nations. The ranking is tenuous: Japan is only slightly smaller at $4.34 trillion and shrank 2% over the past year, while the UK ($4.27 trillion) and India ($4.06 trillion) are also close behind. The article notes that 2026 is not over, the IMF's next full update comes in April 2027, and the roughly 3% rise of the U.S. dollar also boosts the figures. Because of historical revisions, California ranked fifth from 2019 through last year, so 2026 would be its first year in the No. 4 spot if the latest data holds.
- IMF says Japan to fall to sixth in world GDP rankings behind India , Britain
The IMF projects Japan will fall to sixth place in world GDP rankings, behind India and Britain, after slipping to fourth place in 2023. According to the World Economic Outlook, Japan's nominal GDP is projected at US$4.3419 trillion in 2026 and US$4.4676 trillion in 2027, based on an exchange rate of about 158 yen to the dollar amid the yen's continued weakness and sluggish growth. India's GDP is expected to reach US$4.5211 trillion in 2027, rising from sixth to fourth place, while Britain's is forecast at US$4.4889 trillion in 2027, even though the April report had projected Britain would overtake Japan in 2029. Real growth is projected at 0.7% for Japan in both 2026 and 2027, 7% for India on a fiscal year basis, and 1.3% in 2026 and 1.2% in 2027 for Britain.
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