10 Largest Economies in the World in 2025: US Tops, India Ranks 4th and Leads in Growth
The International Monetary Fund (IMF) has released its World Economic Outlook for April 2025, highlighting the top 10 largest economies by GDP at current prices. While the United States continues to dominate the global economy with the largest GDP, India has emerged as the fastest-growing major economy, securing the 4th position globally.
Global Growth Outlook Dims Amid Uncertainty
The IMF has revised its global growth forecast down to 2.8% for 2025, a drop of 0.5 percentage points from its January projection.
- The revision reflects geopolitical tensions, trade disruptions, and weakening demand in advanced economies.
- For 2026, global growth is projected at 3.0%, also down by 0.3 percentage points from earlier estimates.
Major economies like the US, China, and others are expected to experience slower-than-anticipated recoveries.
India: Fastest-Growing Economy, Ranked 4th Globally
India has climbed to the 4th position in terms of GDP at current prices, overtaking Japan.
- India’s GDP stands at USD 4.39 trillion, with a projected real GDP growth of 6.2% in FY 2025-26.
- It is expected to grow by 6.3% in FY 2026-27, showcasing sustained economic momentum despite global headwinds.
- GDP per capita in India is USD 4,190, reflecting its emerging market status and large population base.
Although India’s growth forecast has been reduced by 0.3 percentage points, it still outpaces other top economies in terms of annual GDP expansion.
Top 10 Largest Economies in the World by GDP (April 2025 – IMF)
Here is the list of the top 10 global economies ranked by nominal GDP, including their growth projections and GDP per capita:
| Rank | Country | GDP (USD Trillions) | Projected Growth (%) | GDP Per Capita (USD) |
|---|---|---|---|---|
| 1 | United States | $30.34 | 2.70% | 30,510 |
| 2 | China | $19.53 | 4.60% | 19,230 |
| 3 | Germany | $4.92 | 0.80% | 4,740 |
| 4 | India | $4.39 | 6.20% | 4,190 |
| 5 | Japan | $4.27 | 1.10% | 4,190 |
| 6 | United Kingdom | $3.73 | 1.60% | 3,840 |
| 7 | France | $3.28 | 0.80% | 3,210 |
| 8 | Italy | $2.46 | 0.70% | 2,420 |
| 9 | Canada | $2.33 | 2.00% | 2,230 |
| 10 | Brazil | $2.31 | 2.20% | 2,130 |
US and China: Still Leading, But Slowing
The United States remains the largest economy in the world with a GDP of USD 30.34 trillion, though its projected growth is modest at 2.7%.
- Growth in the US has been revised downward due to trade policy concerns, interest rate effects, and reduced consumer demand.
- China ranks second with a GDP of USD 19.53 trillion, growing at 4.6%, though trade restrictions have also impacted its momentum.
Despite global slowdowns, both countries continue to anchor global economic activity through investment, consumption, and technology exports.
Final Thoughts
The IMF World Economic Outlook 2025 reinforces that while traditional powerhouses like the US and China remain dominant in absolute GDP terms, India is leading in growth potential. Its climb to 4th place globally highlights the country’s expanding economic footprint. As global uncertainties persist, countries that can balance internal demand, policy stability, and infrastructure development will lead the next phase of global recovery.
