India to become third largest economy by 2030, says Arun Jaitley

Finance Minister Arun Jaitley on Saturday said India is expected to become the third largest economy in the world by 2030 with GDP touching $10 trillion, helped by consumption and investment growth.

Currently, the size of the Indian economy is about $2.9 trillion, he said while addressing students of the Shri Ram College of Commerce here.

"We keep oscillating between the fifth and the sixth largest economy, depending on the dollar rate. As we look at the years ahead, we would be $5 trillion by 2024 and $10 trillion by 2030 or 2031.

"That's when we will be amongst first