IMF Releases 2025 World Economic Outlook: India Ranks Fourth in Global GDP
| Aspect | Details |
|---|---|
| Event | IMF released the World Economic Outlook in April 2025, updating global GDP rankings. |
| Top Economies (2025) | United States (1st), China (2nd), Germany (3rd), India (4th). |
| India's Position | India became the 4th largest economy, projected to surpass Germany and Japan by 2030. |
| Key Features | - United States: Slower growth due to trade tensions.<br>- China: Manufacturing hub.<br>- India: Fastest-growing major economy, driven by private consumption and rural demand. |
| Challenges | - Trade conflicts: US-China tensions disrupting supply chains.<br>- Slow growth in developed economies: Aging populations, weak demand.<br>- Emerging market vulnerabilities: Financial volatility, inflation, external debt.<br>- Global financial instability: Unresolved trade disputes. |
| Way Forward | - Promote multilateral cooperation in trade.<br>- Enhance domestic policies for infrastructure, education, digital economy.<br>- Implement structural reforms in labor, business, and financial sectors.<br>- Prioritize sustainable development goals for renewable energy and technology. |