Don’t miss the latest developments in business and finance.

India likely to replace Britain as world's 5th largest economy next yr: FM

Arun Jaitley said India has the potential to be among top three economies of the world in the next 10-20 years

Arun Jaitley
FILE PHOTO: Union Minister Arun Jaitley | Photo: Reuters
Press Trust of India New Delhi
Last Updated : Aug 30 2018 | 12:33 PM IST

Finance Minister Arun Jaitley on Thursday said India is expected to surpass Britain next year to become world's fifth largest economy.

"This year, in terms of size, we have overtaken France. Next year we are likely to overtake Britain. Therefore, we will be the fifth largest (economy)," he said.

Other economies in the world is growing at much lesser rate, he said, adding that India has the potential to be among top three economies of the world in the next 10-20 years.

More From This Section

First Published: Aug 30 2018 | 12:32 PM IST

Next Story