World GDP Ranking 2025 List

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. 

India is currently ranked as the 5th largest economy globally in 2025, but it is projected to surpass Japan and secure the 4th position among the world's top 10 largest economies, with a nominal GDP of $4.270 trillion in 2025. Moreover, the IMF forecasts that by 2027, India will overtake Germany to become the 3rd largest economy worldwide  

Each country has their own unique characteristics and regional strengths that contribute to its overall economic growth. To find more information about India’s contribution towards its economy, read on. 

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, Japan and India follow next. To know the top 10 GDP countries, look at the list below:

India GDP 2025 Rank

As per IMF Projections, India could be the fourth-largest economy in the world in the year 2025 overtaking Japan. Today, India’s leading economic contributors are traditional and modern agriculture, technology services, the handicraft industry, and business outsourcing. 

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. Additionally, as per IMF projections, India will tend to grow at 7% in 2024-25 and 6.5% in 2025-26. 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 fifth, the per capita income is substantially low. India's per capita income of the population for 2025 is $2,940 (Approx Rs.2.5 lakh). 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:

From the above table it is evident that after recovering from a negative economic growth rate during the pandemic, the country now has a good GDP growth rate of 7%. Despite its lower GDP per capita, India continues to climb up the list. Different sectors, including agriculture, business and others, contribute the most to employment in every term, making it one of the largest growing economies. 

Calculating GDP

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.

Conclusion

Over time, the size of India's economy has increased, and therefore it has bagged fifth position in the World GDP Ranking 2025 list. As per IMF Projections, India could overtake Japan and take it's spot to become the fourth largest economy in the world in the year 2026. Today, different government initiatives have ensured that all citizens lead a better quality of life, improving our position in the world ranking list.