CNBC's Inside India newsletter: India is set to be the world's fourth-largest economy — but sustained growth will warrant more reforms

IMF data projects India 's GDP to reach $4.187 trillion in 2025 , surpassing Japan to become the fourth largest economy.

Global X ETF's Malcolm Dorson says India is a "fine-tuned compounding machine," and gaining a spot in the top four by GDP ranking "is a done deal" While India has strong tailwinds supporting its growth story, it needs to undertake several reforms to ensure that economic expansion is sustained.

India 's per capita GDP is $ 2,880 , a fraction of Japan 's $ 33,960 , IMF data shows.

There is a "huge disconnect in the standard of living and the social, economic and physical infrastructural between India and Japan ," Shumita Deveshwar , chief India economist at TS Lombard said.

India 's shipment of iPhones to the U.S. jumped 76% year on year to around 3,000,000 .

With four mainline initial public offerings the upcoming week , India 's IPO market seems to be picking up. May 30 : India gross domestic product data for FY25 fourth quarter June 2 : India HSBC manufacturing PMI , final reading, for May , Aegis Vopak Terminals IPO , Schloss Bangalore IPO June 3 : Prostarm Info Systems IPO June 4 : India HSBC services PMI , final reading, for May , Scoda Tubes IPO — Yeo Boon Ping.