Finance Minister Arun Jaitley Wednesday said India is likely to surpass Britain next year to become world’s fifth largest economy. India, currently the sixth largest economy, has a GDP amounting to USD 2.59 trillion, as compared to the fifth-largest United Kingdom’s USD 2.62 trillion, according to a World Bank report. The country’s economy grew at a seven-quarter high of 7.7 per cent in the three months ended March 2018, helped by higher government spending and investment.
Finance Minister Arun Jaitley Wednesday said India is likely to surpass Britain next year to become world’s fifth largest economy. India, currently the sixth largest economy, has a GDP amounting to USD 2.59 trillion, as compared to the fifth-largest United Kingdom’s USD 2.62 trillion, according to a World Bank report. The country’s economy grew at a seven-quarter high of 7.7 per cent in the three months ended March 2018, helped by higher government spending and investment.
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