India’s GDP Stood At USD 3.92 Trillion In 2025-26, Sixth-Largest Globally: Govt

New Delhi, Aug 12 (KNN) India was the world's sixth-largest economy in 2025-26, with a nominal gross domestic product (GDP) of USD 3.92 trillion, according to the International Monetary Fund's April 2026 World Economic Outlook, Parliament was informed.

Minister of State for Finance Pankaj Chaudhary said the IMF ranking is based on nominal GDP measured at prevailing US dollar exchange rates and can change due to economic growth, currency movements, prices, revisions to national accounts and changes in the performance of other major economies.

The government has adopted a broad-based strategy to raise India's growth potential, with a focus on agricultural productivity, manufacturing, infrastructure, logistics, MSMEs, innovation and research, Chaudhary said in a written reply to the Rajya Sabha.

Government Focuses On Investment And Manufacturing

Manufacturing is being supported through Production Linked Incentive (PLI) schemes and relaxation of Quality Control Orders, while infrastructure and logistics are being strengthened through public investment, PM Gati Shakti and the National Logistics Policy.

The government is also seeking to boost investment through sustained public capital expenditure, a liberalised foreign direct investment framework and tax reforms, including changes to direct taxes and the Goods and Services Tax.

On external competitiveness, India is expanding its network of free trade agreements and comprehensive economic partnership and cooperation agreements, while maintaining macroeconomic stability through fiscal management and price stability.

Foreign portfolio investor activity has also remained significant, with gross sales by FPIs reaching Rs 29.8 lakh crore between January and August 5, 2026, according to National Securities Depository Limited data.

Public Sector Bank NPAs Show Significant Decline

Separately, Chaudhary said gross non-performing assets of public sector banks declined to Rs 2,45,634 crore as of March 31, 2026, from Rs 3,39,541 crore two years earlier.

The gross NPA ratio of public sector banks fell to 1.93 percent  from 3.47 percent during the same period. Fraud cases reported by public sector banks also declined from 54,850 in 2023-24 to 5,786 in 2025-26.

Over the past three financial years, staff accountability was fixed in 5,147 cases, while first information reports were filed in 9,451 cases against borrowers involved in fraud, based on information provided by public sector banks.

Unclaimed Bank Deposits Cross Rs 86,900 Crore

The total amount of unclaimed deposits held with the Depositor Education and Awareness (DEA) Fund stood at Rs 86,917.08 crore as of June 30, 2026, according to data provided by the Reserve Bank of India (RBI).

Chaudhary said the RBI does not maintain data on the total amount lying in inoperative bank accounts.

The RBI reimburses banks from the DEA Fund for amounts paid to eligible claimants against unclaimed deposits. As of June 30, 2026, banks had received Rs 17,414.68 crore in reimbursements from the fund.

(KNN Bureau)