New Delhi: A weaker rupee and a transformation within the base 12 months for GDP have ended in India slipping one rank to be the 6th greatest financial system in greenback phrases throughout 2025, newest estimates launched by means of the World Financial Fund confirmed.In line with IMF information, India used to be the 5th greatest financial system in 2024 with GDP at present costs estimated at $3.76 trillion towards the United Kingdom’s $3.7 trillion. However final 12 months, India’s GDP went as much as $3.92 trillion and at $4 trillion, the United Kingdom overtook it.Despite the fact that India has remained the quickest rising primary financial system, the rupee has depreciated towards the USA greenback in contemporary months.In rupee phrases, at present costs, GDP used to be pegged at Rs 318 lakh crore in 2024 and rose 9% to just about Rs 347 lakh crore final 12 months. It’s projected to extend virtually 11% this 12 months to Rs 385 lakh crore.
Going by means of IMF information, the Indian rupee has depreciated from 84.57 towards the USA greenback in 2024 to 88.48 final 12 months and is prone to weaken to 92.59 this 12 months. By contrast, the knowledge displays that the British pound favored towards the dollar.Whilst government used to be anticipating India to overhaul Japan to be the fourth greatest financial system in 2025-26, it is going to have to attend longer.This 12 months too, India is projected to be the 6th greatest financial system – matter to switch price – however subsequent 12 months, it’s anticipated not to simply overtake the United Kingdom but in addition pip Japan (see graphic). If IMF projections are anything else to head by means of, it’s not likely that India would be the 3rd greatest financial system till 2031.