The year 2025 will be full of ups and downs for the global economy. Although it had a strong start, it gradually fell into recession. The International Monetary Fund (IMF) estimates that the global growth rate will decline from 3.3 percent in 2024 to 3.2 percent in 2025 and 3.1 percent in 2026. The IMF estimates that the GDP growth rate of the world’s major economies will be 1.6 percent in both 2025 and 2026, a decline of 0.2 percentage points from the previous year.
According to the IMF’s October 2025 forecasts, the global economy will face some challenges in achieving equilibrium in 2026. The IMF has warned of the risk of the economy slipping into recession and worsening. Using Datamapper, the IMF has predicted which countries will have the largest economies in the world in 2026, that is, which countries will have the highest gross domestic product (GDP). Let us see which countries are included in this list and where is India?
20 largest economies of the world
United States $31.82 trillion
China 20.65 trillion dollars
Germany 5.32 trillion dollars
India 4.5 trillion dollars
Japan 4.46 trillion dollars
United Kingdom $4.22 trillion
France 3.55 trillion dollars
Italy 2.7 trillion dollars
Russia 2.5 trillion dollars
Canada $2.42 trillion
Brazil 2.29 trillion dollars
Spain 2.04 trillion dollars
Mexico $2.03 trillion
Australia 1.94 trillion dollars
South Korea $1.93 trillion
Türkiye 1.57 trillion dollars
Indonesia 1.55 trillion dollars
Netherlands $1.41 trillion
Saudi Arabia $1.31 trillion
Poland 1.1 trillion dollars
Situation between China and the United States
China and the United States have significant influence on the global economy. However, the realities of the two countries are completely different. While the US is targeting moderate growth due to rising commodity prices due to the trade war and tariffs, the Chinese economy is expected to grow at 4 percent.
India’s development continues
Meanwhile, global rating agency Moody’s has estimated that the Indian economy will grow at 7 percent in the current year 2025, 6.4 percent in 2026 and 6.5 percent in 2027. Moody’s mentioned this in its report titled “Global Macro Outlook”. This growth will be supported by strong domestic demand, expanding services sector and government spending on infrastructure.