India's nominal gross domestic product will likely outstrip Japan's in 2025 to become the world's fourth-largest economy, according to an International Monetary Fund estimate, a year earlier than the previous projection.
Boosting the share of manufacturing in India's economy has been one of the key promises made by Modi, who is seeking a third term in elections that start on April 19, 2024.
Recovery of the world economy, including many major export markets of Vietnam, is a positive sign for the Southeast Asian nation’s import and export activities in the coming time.