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India expected to outstrip Britain to become world's 5th largest economy in 2019: Finance Minister

Finance Minister Arun Jaitley today expressed hope that India shall outdo Britain in the year 2019 and be amongst world's top 3 economies in the next 10-20 years.

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Finance Minister Arun Jaitley today 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 here.

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.