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Economy

IMF Backs India's GDP Method, Sees It Passing Japan by 2027

The IMF has backed India's revised GDP methodology. It projects India will overtake Japan to become the fourth-largest economy in 2027.

पृष्ठभूमि

Context: India recently changed how it calculates GDP, the main measure of an economy's size. Japan has long held the number four spot, so a shift would be a notable milestone.

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