• search
For Quick Alerts
For Daily Alerts

India expected to surpass UK's economy by 2019: Jaitley


New Delhi, Aug 30: Finance Minister Arun Jaitley on Thursday 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.

Finance Minister Arun Jaitley

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.

India's rise is part of a trend that will see Asian economies increasingly dominate the top 10 largest economies over the next 15 years.

[India to overtake UK, France to become fifth-largest economy in 2018: Report]

The World Bank data puts the U.S. as the world's largest economy (USD 14.6 trillion) for 2010, followed by China, Japan, Germany, France, the U.K., Brazil, Italy, India and Canada in the top ten. However, the 2010 figures were not available for all the countries, including Russia.



For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more