In October-December quarter, India posted a GDP growth of 7.2% to reclaim the tag of world’s fastest growing major economy from China. Photo: PTINew Delhi: Union commerce and industry minister Suresh Prabhu on Friday exuded confidence that India will become a $5 trillion economy in the next seven years, adding that India will be a bigger economy than China at some point of time. In October-December quarter, India posted a GDP growth of 7.2% to reclaim the tag of world’s fastest growing major economy from China. He said the manufacturing sector would contribute $1 trillion, services sector $3 trillion and the rest would come from agriculture for the country to become a $5 trillion economy in the next seven years. “After that, in next 7-10 years time, may be a $10 trillion economy.

Source: Mint March 09, 2018 17:15 UTC