India is ranked 5th in the global economy ranking

Current Context: India holds the 5th position in the global economy ranking as per the World Economic Outlook released by the International Monetary Fund (IMF) on January 28, 2025.

• This ranking is based on nominal GDP, with India’s economy valued at around $4.3 trillion in 2025, following the United States, China, Japan, and Germany.
• The IMF highlights India’s robust 7% real GDP growth for FY25, fueled by strong domestic demand, digitalization, and government reforms like Make in India.
• India is poised to surpass Japan in 2025 and Germany by 2027–28, aiming for 3rd place with a projected $5.4 trillion GDP.
• Alongside China, India drives nearly 50% of global economic growth, reflecting its rising influence.

Question:

Q.1 As per the IMF’s World Economic Outlook released on January 28, 2025, what is India’s global ranking in terms of nominal GDP?
a) 3rd
b) 4th
c) 5th
d) 6th

Answer: c) India holds the 5th position globally based on nominal GDP, with an economy valued at approximately $4.3 trillion in 2025. It follows the United States, China, Japan, and Germany.