India is the sixth largest economy. Strategy is prepared to increase growth potential. India has slipped to the sixth largest economy in the world in 2025-26. The country’s nominal GDP is now $ 3.92 trillion. This is revealed in the International Monetary Fund (IMF) World Economic Outlook Report for April 2026.
Minister of State for Finance Pankaj Chaudhary gave this information in Parliament on Tuesday. He said that the IMF has given this ranking to India on the basis of nominal GDP measured at the current US dollar exchange rate. The ranking may change based on economic growth, currency movement, inflation situation and the performance of other countries. The government has adopted a comprehensive strategy to increase India’s growth potential. It focuses on agricultural productivity, manufacturing, infrastructure, logistics, MSMEs, innovation and research. Manufacturing is being encouraged through the Production Linked Incentive (PLI) scheme and quality control orders etc.
On the other hand, infrastructure and logistics are being strengthened through government investment, PM mobilisation and National Logistics Policy etc. The emphasis is on increasing investment through sustained public capital expenditure, a flexible foreign direct investment policy and tax reforms. Another part of the strategy is to improve the ease of doing business. The activities of foreign institutional investors (FPIs) are being given importance. According to data provided by the National Securities Depository Limited, the total sales by FPIs from January 2026 to August 5, 2026, was Rs 29.8 lakh crore.
On the other hand, the minister said that the non-performing assets (NPAs) of public sector banks have come down to Rs 2,45,634 crore as of March 2026, which was Rs 3,39,541 crore two years ago. The gross NPA ratio of public sector banks has come down to 1.93% as of March 31, 2026, which was 3.47% as of March 31, 2024. The number of fraud cases reported in public sector banks has come down to 5,786 from 54,850 in 2023-24, Chaudhary said. There are no claimants to deposits of Rs 87,000 crore There are no claimants to deposits of Rs 87,000 crore in the country.
Informing Parliament, Minister of State for Finance Pankaj Chaudhary said that there are unclaimed deposits of Rs 86,917.08 crore in the Depositors Education and Awareness (DEA) Fund as on June 30, 2026.
