INDIA: 6TH LARGEST ECONOMY BY NOMINAL GDP

NEWS: India has slipped to the world’s 6th largest economy by nominal GDP–> IMF’s World Economic Outlook, with GDP estimated at $4.15 trillion.

CONTEXT

• The US leads at $32.38 trillion, followed by China at $20.85 trillion, then Germany, Japan and the UK.
• Indiaà world’s fastest-growing major economyà projected real GDP growth of 6% to 7.4%.
• The country ranks 3rd by Purchasing Power Parity (PPP), behind only China and the US.
• Projected to regain 4th place by 2027+ advance to 3rd place by 2031 in nominal GDP rankings.

India’s Performance in Per Capita GDP

• India ranks 149th out of 190+ countries by nominal GDP per capitaàestimated at $2,813 in 2026.
• By PPPà the country ranks 119th, with a per capita value of $12,964.
• India trails its neighbours, China, Bhutan, and Sri Lanka, in per capita GDP terms.
• India falls within the lower-middle-income bracket, defined by the World Bank as $1,146-$4,515 GNI per capita.