India to become world's third-largest economy by 2027: Piyush Goyal

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India to become world's third-largest economy by 2027: Piyush Goyal - Business Standard

Quick Summary:

Union Minister of Commerce and Industry, Piyush Goyal on Tuesday said that by 2027, India will be the world's third-largest economy, ahead of Japan and Germany.

Further, the minister said that the then Union Finance Minister P Chidambaram in his interim budget of 2014 had predicted that in the next 3 decades, India's nominal GDP would take the country to the third rank, after US and China.

Chidambaram had predicted in 2014, a 30-year duration for India to become the third-largest GDP, he noted."What did Mr Modi do?