India has overtaken Japan to become the world’s fourth-largest economy, with a gross domestic product (GDP) of US$4.18 trillion, according to the government’s end-of-year economic review. Officials project that India could surpass Germany to claim the third spot by 2026.

China's factory output slowed for a third straight month in July, showing the recovery in the world's second-largest economy was losing steam, although the battered consumer sector perked up slightly as stimulus targeting households took effect, News.az reports citing Reuters .