Why India Fell To SixthThe IMF’s April 2026 World Economic Outlook places India behind the US, China, Germany, Japan and the UK in nominal GDP terms. “The IMF’s rankings are based on nominal GDP measured at prevailing US Dollar exchange rates. According to MoSPI’s provisional estimates, real GDP increased to ₹323.12 lakh crore in FY2025-26, from ₹299.89 lakh crore in FY2024-25. What Happens From HereThe latest projections suggest that India’s growth advantage remains intact, although the pace is expected to moderate. India’s domestic economy grew 7.7% in FY26, while its dollar-denominated size was constrained by exchange-rate movements.