The fourth big economy … but not so pink! Of these 7 events, India is very behind Japan – India’s fourth largest economy is Japan behind Japan’s NTCPL

By the end of this year, India’s economy will become the world’s fourth largest economy. India, which is fast -paced in the race of economic development, will overtake Japan, the world’s fourth largest economy, in a few months, and become the fourth largest economic force in the world. This assessment was provided by Niti Aayog, the country’s main organization, Aravind Virmani. India’s economy will be 19 lakh crore ($ 19 trillion) in 2025, according to the world’s major economic company International Monetary Fund. It will overtake Japan.

What does the “fourth largest economy” in the world mean? In the easiest language, the country’s economic strength and productivity is fourth in compared to the rest of the world. It is mainly measured on the basis of GDP (GDP – in GDP).

In India’s context, Niti Aayog and the International Monetary Fund Report means that by the end of this year, India’s economy will become the world’s fourth largest economy.

This achievement reflects India’s economic growth, policy reforms and attraction to global investment. This means that India is in a strong position based on economic impact, investment and geopolitical debt on the global platform. These figures suggest that India may bet an investment target. India has a strong ability to pay off its debts and has strong basics of economic growth in this country. The figure states that the amount of production, trade and services in India is very high. A selected country in this case (the United States, China, Japan or Germany) is more than India.

It is an important achievement to become India’s fourth largest economy, reflecting its growing strength on the global platform. But if you look inside, the picture is not so pink. Despite the nominal GDP, despite the rim of leaving Japan, individual income, life expectancy, production, social security, education, employment and technology are much more than India.

We will see how much we are behind the indicators of human development from the country we leave in a few months.

1 person’s income

The personal income of a country is obtained by dividing the country’s gross domestic production, which reflects the average income level of the common citizen.

India’s Level: India’s personal income in 2025 is about 8 2,800- 9 2,937, which is 12 times less than Japan’s personal income ($ 33,138- $ 53,059). Due to India’s biggest population (about 140 crores), individual GDP is significantly reduced.

Japan’s highest personal income, there is much better than India because of living standards, spending skills and quality of life.

Interest in India (first 1% 41% of assets, 50% less 3%) and rural-city differences have major problems. To increase individual income, include growth, relying on agriculture and adding regional imbalances.

2- Life expectancy

How many years of people live in a country, which is directly from the economy, resources and medical facilities of that country. Originally reflects the average age of life, which refers to health services, nutrition and quality of life.

The life expectancy in India is about 69-70 years in 2021, which is less than the world average. GDP spent on health services only 1.2%. At the same time, Japan is one of the highest countries in the world. The average age of people here is 84-85 years. This is because Japan has spent big money to the health sector and strengthened its health services. People get nutritious food here, and the social security system of this country is strong.

Inadequate health infrastructure in India, lack of facilities in rural areas, and malnutrition (India 2023 in the Global Hunger Index). There is a need to increase health budget and rural facilities.

3- Education

The quality of education in any country and its level shows innovation in human capital and social life. The literacy rate in India is 77.7%. But here is the lack of quality education and skill development. The status of schools and the shortage of teachers in rural areas are major problems. Where the authors are, there are questions about their skills and quality.

At the same time, the literacy rate in Japan, destroyed by the fierce attacks of nuclear attacks after World War II, is about 100%, and its educational system is the global leader in technical and vocationalism. Japan’s technical education and skill development are the following world countries. This is the reason why Japan’s technology, car companies and manufacturing companies live in the world.

The cost of education in India is currently less than 4% of GDP. It should be encouraged, teacher training and vocational education.

4-work

Employment status in any country reflects the quality, economic prosperity and social stability of the work there. There are more countries that can provide work for all their working people, and have a higher rate of social stability and satisfaction.

According to the International Labor Organization, the unemployment rate in India was 6.1% by 2023. The situation of unmanned areas is even worse. 90 % of people here get a job, but the salary is low here and insecurity is high. Work conditions are unhealthy and invite inability. Migration for a job from the Hindi belt in India has affected the country’s social structure.

Japan is India’s low unemployment and regulates the employment system that provides stability to the country. Japan’s unemployment rate is 2.5%. However, India continues to work in this situation. India strengthens proper job opportunities, skill development and the starting environmental organization. People get a job from this.

5- production

The manufacturing sector is part of the economy that produces products. It creates employment and eventually increases the exports of the country. The production sector of any country is the foundation of the economy.

According to the World Bank, India’s manufacturing sector contributes to 13-14% of GDP. The Government of India is acting fast in this direction. The sector is motivated by the ‘Make in India’ initiative. Many countries have launched construction in India from the efforts of Prime Minister Modi’s initiative ‘Local Voice’. Foreign companies like Apple come to India to produce.

India has launched a recent effort towards chip production and has advanced rapidly in this direction.

In spite of these efforts, India has a certain role in the global distribution chain. Lack of infrastructure, worship and efficient labor are India’s main challenges in this direction.

At the same time, according to the data of the OECD for economic cooperation and development, Japan’s manufacturing sector contributes more than 20% of GDP. Japan is a worldwide leading in vehicles, electronics and robotics. Its productivity and quality are universal.

India needs a huge investment in the manufacturing sector. In addition, infrastructure such as ports and electricity should focus on improvement and capacity development.

6- technology

Technology and research reflect the country’s innovation and global competition. According to UNESCO, India’s cost of research and development is 0.7% of GDP. India is strong in information technology and digital services, but behind in hardware and indigenous technology. However, India has performed significant tasks in Findech, Space and Military Technology.

Japan spends 3.3% of GDP for research and development and is the world leader in Robotics, AI and Electronics.

7-social security

Social security includes pensions, health insurance and unemployment offers. These are the government’s efforts to provide economic stability to citizens.

According to the 2021 report of the International Labor Organization (ILO), only 49% of the people in India get social security. There is a shortage of unmanned sector and social security that India’s 90% of the work committee is working. Here the staff do not receive pensions and the condition of health services is miserable.

At the same time, Japan’s social security system is widespread, including global health insurance and pension. However, because of this, there is a burden on the debt on Japan. But Japan has provided a strong social security system to its country’s citizens.

The conclusion of the above debates is to move towards the world’s fourth largest economy. India may leave Japan on the statistics of GDP, but Japan is in front of us on many standards. Because it is a developed country, the quality of life in Japan belongs to the high -class. To reduce this difference, India must improve in areas such as personal income, lifetime, production, social security, education, employment and technology.

India will have to focus on the development, policy reforms and investment in infrastructure, and the benefits of economic growth are necessary to ensure that the underlying divisions are reached.