India has slipped to the 6th spot in global GDP rankings, according to the IMF. This comes at a time when India is recording around 9 per cent nominal growth in rupee terms.
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India has slipped to the 6th spot in global GDP rankings, according to the most recent estimates by the International Monetary Fund (IMF) for 2025–26. This comes despite India being one of the fastest-growing economies in the world.
According to the IMF’s April 2026 World Economic Outlook, India’s economy is estimated to have reached $3.92 trillion in 2025, while the UK’s economy stands at $4 trillion and Japan’s at $4.44 trillion. In 2024, India’s GDP stood at $3.5 trillion, placing it above the UK’s GDP of $3.4 trillion.
India is recording around 9 per cent nominal growth in rupee terms. “India’s growth rate is more than two times higher than the average global growth,” said IMF Chief Kristalina Georgieva.
The IMF also said that Asia will remain the main driver of global growth with India and China contributing 70 per cent of the regional expansion. However, it said that the energy shock due to the Gulf crisis will negatively impact the region.
The five per cent regional growth witnessed in 2025, despite the impact of US tariffs and trade uncertainty, is projected to moderate to 4.4 per cent in 2026 and 4.2 per cent in 2027, the International Monetary Fund (IMF) said in its report on the Asia-Pacific segment.
“Asia entered 2026 on a solid footing with growth remaining resilient despite the region bearing the brunt of US tariffs and heightened uncertainty,” Krishna Srinivasan, Director for the IMF Asia Pacific Department told reporters here.
However, he said, given the region’s high fossil fuel intensity and reliance on conflict areas for key commodities, the new energy shock will negatively impact the region.