India becomes world's fourth largest economy, overtaking Japan: NITI Aayog CEO

NITI Aayog CEO B V R Subrahmanyam announced that India has surpassed Japan to become the world's fourth-largest economy, boasting a USD 4 trillion economy. Citing IMF data, he expressed confidence that India could become the third-largest economy in 2.5-3 years. Regarding Apple's manufacturing plans, Subrahmanyam asserted India's cost-effectiveness. A second round of asset monetisation pipeline is expected in August.