Weaker rupee makes India 6th largest economy: IMF data

New Delhi: A weaker rupee and a alteration successful the basal twelvemonth for GDP person resulted successful India slipping 1 fertile to beryllium the sixth largest system successful dollar presumption during 2025, latest estimates released by the International Monetary Fund showed.According to IMF data, India was the 5th largest system successful 2024 with GDP astatine existent prices estimated astatine $3.76 trillion against the UK's $3.7 trillion. But past year, India's GDP went up to $3.92 trillion and astatine $4 trillion, the UK overtook it.Although India has remained the fastest increasing large economy, the rupee has depreciated against the US dollar successful caller months.In rupee terms, astatine existent prices, GDP was pegged astatine Rs 318 lakh crore successful 2024 and roseate 9% to astir Rs 347 lakh crore past year.

It is projected to summation astir 11% this twelvemonth to Rs 385 lakh crore.

Going by IMF data, the Indian rupee has depreciated from 84.57 against the US dollar successful 2024 to 88.48 past twelvemonth and is apt to weaken to 92.59 this year. In contrast, the information shows that the British lb appreciated against the greenback.While govt was expecting India to overtake Japan to beryllium the 4th largest system successful 2025-26, it volition person to hold longer.

This twelvemonth too, India is projected to beryllium the sixth largest system - taxable to speech complaint - but adjacent year, it is expected to not conscionable overtake the UK but besides pip Japan (see graphic). If IMF projections are thing to spell by, it is improbable that India volition beryllium the 3rd largest system until 2031.