Union finance minister Arun Jaitley said India would become the world’s fifth largest economy in 2019 and among the top three in the coming years.
Speaking at the ‘Support and Outreach Initiative for the MSME sector’ event, the minister said since the Narendra Modi-led government took over about four years ago, India has moved from the ninth to sixth position in the global economic landscape.
“Next year, India will become the fifth largest economy,” he said, adding hopefully in the coming years the country would be among the top three economies of the world. India emerged as the world’s sixth largest economy in 2017, surpassing France, and is likely to go past the United Kingdom, which is at the fifth position, according to an analysis of data compiled by the World Bank. Read more
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