"India To Overtake Japan, Become 3rd Largest Economy": IMF Chief Economist Gita Gopinath

India is on track to surpass Japan and become the world’s third-largest economy, says IMF Chief Economist Gita Gopinath at the World Economic Forum 2026. She emphasized that while achieving the third-largest GDP rank is inevitable, the real challenge lies in raising India’s per capita income and reaching its 2047 goal of becoming a developed nation. Gopinath highlighted India’s impressive reforms in infrastructure, taxation, and digital systems but noted obstacles like land acquisition, labour market rigidity, and judicial inefficiencies. Skilling human capital, implementing steady reforms, and improving labour flexibility remain crucial to sustaining India’s growth momentum and ensuring long-term economic development.

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