Korean Media: UK Reclaims 5th Place, India's GDP Drops to 6th Globally!
On June 6, South Korean media outlet "Today's Finance" published an article stating that according to the International Monetary Fund (IMF)'s latest "World Economic Outlook," India's GDP last year was $3.92 trillion, dropping one spot to rank sixth worldwide. The UK has reclaimed fifth place.
By country, the GDP rankings are as follows: United States $30.8 trillion, China $19.6 trillion, Germany $5 trillion, Japan $4.4 trillion, and the UK $4 trillion.
The main reason for India's GDP decline is the depreciation of the Indian rupee against the US dollar, along with a revision of the GDP base year, which led to a downward adjustment of the existing economic scale.
The exchange rate of the US dollar to the Indian rupee rose from 84.57 rupees in 2024 to 88.48 rupees in 2025, with expectations that it will reach 92.59 rupees this year.
The IMF stated: "Unlike last year's forecast predicting India’s GDP would rise to fourth globally, it has now fallen to sixth." However, they added: "It is expected that by 2027, India’s GDP will surpass the UK, reaching $4.58 trillion; by 2028, it will exceed Japan; and by 2031, it will grow to $6.79 trillion, surpassing Germany to become the world’s third-largest economy."
The IMF also noted: "India remains one of the fastest-growing major economies. Major institutions assess that even amid global economic uncertainty, India will maintain a robust growth rate."
Original source: toutiao.com/article/1867236069258329/
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