Industry Odisha Bureau, April 18: The latest data reportedly released by the International Monetary Fund’s (IMF) has placed India at the sixth place in its global Gross Domestic Product (GDP) rankings for the fiscal years (FY) 2025-26 and 2026-27.
After holding the fifth spot reportedly for three consecutive years, this time India’s global GDP ranking has reportedly fallen behind the United Kingdom (UK).
The fallout of such a pass has reportedly been attributed to the “downward revision in the country’s nominal GDP after the base year was updated from 2011-12 to 2022-23, which corrected previous overestimations”, reported news portal Mint.
Also, India’s rupee depreciation against the comparatively robust dollar is another prime reason being attributed to such a surprising slip of India’s position in the IMF’s global GDP rankings.
Notably, the IMF’s October 2025 data had indicated that India was poised to surpass Japan in the global GDP rankings in 2026. It has further been expected that India could clinch the fourth position in the IMF’s global GDP rankings in the FY 2027-28.
If India’s inflation data is discussed here, the West Asia conflict has reportedly influenced the retail inflation that reportedly edged up to 3.4 per cent last month (March).
Similarly, LPG and piped gas inflation reportedly soared to 5.3 per cent from 1.6 per cent, let alone other essential commodities.
Owing to the geopolitical tensions, economists anticipate a higher inflation graph if, unfortunately, this year’s monsoon mismatches the Indian farmers’ expectations and fail to yield a bumper harvest further spiking the food prices.
