According to the IMF’s latest World Economic Outlook, India has slipped to sixth place in the world GDP rankings, with Japan and the UK overtaking it in terms of nominal GDP in current US dollars. For 2026, the IMF has estimated the Indian economy at $4.15 trillion, up from $3.92 trillion the year before. In comparison, the size of the UK’s economy has been pegged at $4.27 trillion and that of Japan at $4.38 trillion, marginally edging out India.

There are two main reasons why India has slid on these rankings. The first is a change in how GDP is estimated. Under the new........

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