India set for third-largest economy tag with $10 trn GDP by 2030: Garg

According to the World Bank data, India had a GDP of $2.59 trillion in 2017, higher than $2.58 trillion of France.

India is eyeing the tag of the world’s third-largest economy by 2030, after overtaking France as the sixth-largest economy and coming close to the UK, which is at the fifth place.

Economic Affairs Secretary Subhash Chandra Garg said on Saturday the Indian economy is at a take-off stage and is expected to be the world’s third largest by 2030 with GDP worth $10 trillion. 

This means India is aiming to overtake the UK, Japan and Germany by 2030, to be behind only the US and China. 

In the first 40 years of independence, the country hardly grew at 3.5 per cent and today,