Union Finance Minister Arun Jaitley on Thursday, August 30, 2018, 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 hre.
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.
In July, ahead of Prime Minister Narendra Modi’s visit to the U.K., Jules Chappell, OBE, managing director, business at London & Partners, the Mayor of London’s economic development agency in an interview with The Hindu said,I ndian economy is growing very fast and Britain is making efforts to forge closer relations with the country in very practical ways,
Read more: India’s economy is growing so quickly, U.K needs to react to it: Jules Chappell