India expected to surpass Britain to become world’s 5th largest economy next year: Arun Jaitley

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

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

Finance minister Arun Jaitley at his office. (PTI Photo)

“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 in New Delhi.

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.