According to the latest data released by the IMF, India has slipped from fourth to sixth place, affected by the strong dollar and weak rupee.
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India has slipped to sixth place among the world's largest economies. The International Monetary Fund (IMF) has said that India, which had reached fourth place last year, has slipped this time based on its gross domestic product (GDP) measured in US dollars.
Indian media has cited the strengthening of the US dollar, the continued weakening of the Indian rupee and India's revision of the base year of GDP as the reasons for this decline. Currently, the US, China, Germany, Japan and the UK are ahead of India.
India had overtaken the UK in September 2022 to become the world's fifth largest economy. At that time, when India was on a journey of rapid economic growth, it was estimated that India would overtake both these economies and reach third place by 2029 due to the economic slowdown in Germany and Japan. However, before India overtook Germany, Germany overtook Japan.
According to the Indian Express, in May last year, NITI Aayog chief BVR Subramanian had announced that India had overtaken Japan to become the world's fourth largest economy. But despite being expected to come in third place, it has slipped two places to sixth this time.
According to IMF estimates, the world's largest US economy is worth about $310 trillion. China's economy, which is in second place, is more than $200 trillion. Germany is in third place with about $500 trillion and Japan is in fourth place with about $4.4 trillion. The UK has risen to fifth place with about $4.3 trillion.
France, Italy, Canada and Brazil are also in the top 10 of large economies. European countries are ahead in terms of per capita national income. Liechtenstein, Luxembourg, Ireland, Switzerland, Iceland, Singapore, Norway, the US, Qatar and San Marino are on this list.
The IMF stated that the growth of the world economy is uneven and stated that global growth will remain moderate due to various reasons including war. The organization's latest analysis also says that inflation, geopolitical tensions and tight financial conditions have increased risks. The IMF estimates that global inflation will increase moderately in 2026 and the economic growth rate will be 3.1 percent.
According to IMF estimates, Nepal's economy is estimated to be around 46 billion US dollars. Economic growth is expected to be 3 percent. With Nepal's per capita national income at around 1,550 US dollars, there are signs that Nepal's recovery will be slow amid domestic fluctuations and global instability, the IMF has concluded.
