International Monetary Fund (IMF) places India at sixth in global GDP rankings

Key facts

• The International Monetary Fund (IMF) estimates India's GDP at $3.92 trillion for 2025, ranking it sixth globally.
• The IMF estimates the United Kingdom's GDP at $4 trillion and Japan's GDP at $4.44 trillion for 2025.
• India's nominal GDP grew around 9 per cent in rupee terms, reaching Rs 318 trillion in 2024 and Rs 346.5 trillion in 2025.
• The rupee depreciated from 84.6 per US dollar in 2024 to 88.5 per dollar in 2025, affecting the dollar‑denominated ranking.
• The base year for India's GDP was revised from 2011–12 to 2022–23, lowering nominal GDP from Rs 357 trillion to Rs 345.5 trillion in the new series.
• The IMF cut its 2027 India GDP projection to $4.58 trillion from $4.96 trillion in the earlier October update.
• The IMF projects India to remain sixth in 2026 with GDP about $4.15 trillion, rise to fourth in 2027 with $4.58 trillion, surpass Japan in 2028 with $5.06 trillion, and reach third by 2031 with $6.79 trillion.
• By 2030, the IMF projects India's GDP to reach $6.17 trillion, narrowing the gap with Germany.
• The Reserve Bank of India (RBI) intervened in the foreign exchange market as the rupee traded in the Rs 94–95 per dollar range before stabilising at Rs 93.39.