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June 2025

From The President

By CA Anand Bathiya, President
Reading Time 6 mins

Sayonara Tokyo; Berlin in 1000 days!

Amongst an otherwise noisy geopolitical backdrop, according to NITI Aayog CEO B.V.R. Subrahmanyam, this month, the Indian economy tip-toed itself to the 4th spot in the leaderboard of world’s largest economies in terms of GDP: Gross Domestic Product is calculated at market terms, surpassing that of Japan and close on the heels of Germany positioned at the 3rd spot in these rankings.

Coincidentally, India has reclaimed the 4th rank exactly 100 years after losing it to Germany in 1925. Further falling to the 6th rank at the time of Independence in 1947 to reaching a low-point of 17th rank in 1991, the Indian economy has since grown at an average rate of 6.5% per annum from 1991 to the present, progressively advancing and moving up the ranks on the global leaderboard.

Systemic intercession during the 1991 liberalisation, coupled with consistent growth-oriented policies by successive governments, a robust entrepreneurial spirit, and a largely cohesive national demeanour, has enabled India to leverage its population advantage to significantly improve its ranking among global economies.

As we commemorate and build on our overall size, o

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