New Delhi, April 17 (UNI) India has dropped out of the list of the world’s top five economies, with the International Monetary Fund’s (IMF) latest World Economic Outlook now ranking it as the sixth-largest economy in nominal GDP terms.
The shift reflects currency-driven changes rather than structural weakness, with projections suggesting that India could regain the lost ground in the coming years.
According to the IMF’s April 2026 World Economic Outlook, the latest estimates place the United States at over $30 trillion, China at around $19–20 trillion, Germany at about $5 trillion, and both Japan and the United Kingdom in the $4-4.5 trillion range.
With just over $4 trillion, India now ranks just below this group.
The Iran War has hit hard on the Indian Economy as the country imports nearly 90% of its crude oil, higher prices of oil has widen the import bill and increase dollar outflows, putting direct pressure on the currency.
The geopolitical tensions have also triggered bouts of risk aversion in global markets, leading to volatile foreign portfolio flows
India continues to be one of the fastest-growing major economies, with growth projected in the 6.4–6.5% range over the next two years.
Recently, the IMF chief Kristalina Georgieva has praised India’s growth story saying the growth rate is more than two times higher than the average global growth.
“Look at India today. India’s growth rate is more than two times higher than the average global growth. That is happening because the country has strong fundamentals,” said International Monetary Fund chief Kristalina Georgieva.
Georgieva attributed India’s resilience to factors such as macroeconomic stability and robust domestic demand, which continue to support momentum.
IMF chief said there are no signs of a sharp slowdown in India’s growth path, even as the global economy faces headwinds from geopolitical tensions and supply disruptions linked to the West Asia conflict.
