World GDP Ranking 2025 List

India is currently ranked as the 4th largest economy globally in 2025 as of August 2025, overtaking Japan to secure the 4th position among the world's top 10 largest economies, with a nominal GDP of $4.19 trillion. 

Key Takeaways:

• US (United States) leads the world GDP ranking list with a GDP of $30.51 trillion. 
• Currently, India is the 4th largest economy in the world GDP ranking list.
• The IMF forecasts that by 2028, India will overtake Germany to become the 3rd largest economy worldwide. 

Top 10 GDP Countries 2025

With a GDP of more than 30 trillion dollars, the United States of America is the world’s largest economy. Since China continues to invest heavily in economic growth, China has come close to becoming the largest economy. Other notable nations like Germany, India and Japan follow next. 

Know the latest world GDP ranking 2025 list from the below table:

India GDP 2025 Rank

GDP or “Gross Domestic Product” refers to the monetary value of all goods and services produced in a nation during a given year. A higher GDP indicates that the country is financially strong and growing at a stable rate. 

In 2025, India has become a $4 trillion economy. As per IMF Data, India is the 4th largest economy in the world in the year 2025 on par with Japan. Today, India’s leading economic contributors are traditional and modern agriculture, technology services, the handicraft industry, and business outsourcing. 

In 2024-25, India's GDP grew at 6.5%. With an estimated real GDP of Rs. 187.95 lakh crore in 2024-25, against the real GDP of Rs. 176.51 in 2023-24 generated by a population of over 1 billion, India is among the highest population-based economies in the world. India’s nominal GDP has grown 105% in just a decade, which means that it has more than doubled from 2014 to 2025. 

India will still be the fastest growing major world economy  with a GDP growth rate of 6.2% for 2025 amidst geopolitical conflicts. This means India's economic growth next fiscal year will be the fastest among major economies. Therefore, in the upcoming years, rising consumption and investments, both domestic and foreign, will contribute to the nation’s growth and may also help India to rank higher in the world GDP ranking list.

India GDP Per Capita 2025 / India Per Capita Income 2025

Though India's rank in the World GDP Ranking 2025 list is fourth, the per capita income is substantially low. India's per capita income of the population for 2025 is $2,934 (Approx Rs.2.5 lakh) as against Japan's per capita income of $33,955. Multiple factors have led to low per capita income in India compared to the top GDP countries. 

However, the per capita income has increased as compared to the previous years. In the financial year 2024, India's per capita income was $2,500 (nearly Rs. 1.8 lakh) and in 2023 it was approx Rs. 1.6 lakh. On the contrary, in the financial year 2015, India’s per capita income was Rs. 86,647. It has increased by almost 188% in the last 10 years. The drastic increase in population and demand for employment has significantly increased the nation's GDP per capita. 

India's GDP Growth Rate - Last 10 Years

The calculation of GDP involves calculating the value of goods and services produced for market sale and non-market production, such as government-provided education or defence services. GDP is significantly important as the size of an economy is measured by the total production of goods and services in the economy. 

In this regard, India's economy is expected to rise in the upcoming years. With 8.2% growth in FY24, India will be one of the fastest-growing trillion-dollar economies in the world in 2025. To keep an eye on India's GDP growth rate, here is the complete list of the GDP growth rate over the last 10 years:

India's GDP growth has slowed down in 2024 compared to 2023 due to weaker global demand affecting exports, tighter financial conditions, and rural distress from monsoons impacting agriculture. However, India's GDP continues to grow at a rate of 6.5% supported by a pickup in private consumption, investment and strong agricultural sector.  

How is GDP Calculated?

GDP is calculated using the following formula:
                    Y = C + I + G + (X − M)

• C represents consumption, which includes spending on services, non-durable goods, and durable goods.
• I represents investment, which consists of spending on housing and equipment.
• G represents government expenditure, which includes salaries of employees, construction of roads, railways, airports, schools, and military expenses.
• The difference between total exports and imports is referred to as net exports, denoted by (X-M).
• In this context, Y represents the Gross Domestic Product.

Over time, the size of India's economy has increased, and therefore it has bagged fourth position in the world GDP ranking 2025 list as per IMF Data. Today, different government initiatives have ensured that all citizens lead a better quality of life, improving India's position in the world GDP ranking list. India has the potential to become a $5 trillion economy by 2027 and overtake Germany to be the third largest economy by 2028 with continuous reforms in compliances, industry, business, labour and employability.