The IMF recently released its list of the world’s top 10 economies for 2025, with India ranked at number 4. This shows that India’s economy is growing rapidly, not just within the country but worldwide. With this ranking, India has moved ahead of Japan, which held the fourth spot last year. Here is the list of top 10 largest growing economies:
USA
The United States remains at the top of the list for economic growth. The IMF predicts that the US GDP will reach around $29.84 trillion in the fiscal year 2025. Despite facing several challenges, the US has shown a strong economic recovery.
China
Despite sanctions from Western countries and serious economic challenges, China is still a strong competitor, with a projected GDP of about $ 19.79 trillion for the 2025 fiscal year, according to the IMF report.
Germany, which just had an economic downturn and is still working to steady its economy, is expected to be the world’s third-largest economy in the 2025 fiscal year. The IMF estimates its GDP next year will be above$4.59 trillion.
Japan is expected to face economic challenges in the future, and according to the IMF, it will be the fifth-largest economy in the world, with a GDP of about $4.31 trillion for the 2025 fiscal year.
According to the IMF, the UK is likely to keep its place among the world’s fastest growing economies. It is expected that the UK will stay in sixth place in the 2025 fiscal year, after India and Japan. Data shows that the UK’s GDP is expected to be $3,685 billion in the 2025 fiscal year.
France is known as a country of arts and should maintain its ranking at 7. The IMF estimates that France’s GDP will be $3.22 trillion in the fiscal year 2025.
The fiscal year will be different for Brazil, as the country is set to move up to the 8th position among the fastest growing economies in the world, rising from its current 9th place. The IMF projects that Brazil’s GDP will likely reach $2.44 trillion in the 2025 fiscal year.
Italy is expected to face unexpected changes, according to the IMF. It will drop one spot in the ranking of the world’s largest economies, ending up in 9th place. Data and analysis predict that Italy’s GDP will be $2.39 trillion for the fiscal year 2025, according to the IMF.
Canada will be in the 10th place among the world’s largest economies, with an estimated GDP of $2.36 trillion, according to the IMF report.