Top 10 largest economies in the world (2025): India remains fastest-growing — find out its global rank

Source: IMF’s World Economic Outlook | Data as of: May 26, 2025

India’s global economic outlook explained:

In recent news, India has overtaken Japan to become the fourth-largest economy in the world.  “We are the fourth-largest economy as I speak. We are a USD 4 trillion economy, and this is not my data—it’s IMF data. India today is larger than Japan,” said Subrahmanyam during a press conference following the 10th NITI Aayog Governing Council Meeting.

India is now anticipated to surpass Germany to become the third-largest economy in the next 2.5 to 3 years, according to NITI Aayog CEO B.V.R. Subrahmanyam.

It has seen its economic growth forecast revised down from 6.5% to 6.2% for 2025 and from 6.3% to 6.2% for 2026, as reported in the April 2025 edition of the IMF’s World Economic Outlook.

“For India, the growth outlook is relatively more stable at 6.2% in 2025, supported by private consumption, particularly in rural areas,” the report further noted.

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Presently positioned as the fourth-largest economy globally, on par with Japan, the IMF forecasts India to be the fastest-growing major economy over the next two years, maintaining a significant advantage over both global and regional competitors despite the adjustment in growth projections.

The Reserve Bank of India’s estimates suggested that the real GDP growth for the fiscal year 2025-26 is now projected at 6.5%, down from the previously expected 6.7%.