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At the inauguration of new building of CCI on 30th August, Finance Minister Arun Jaitley said that India is expected to become world’s 5th largest economy next year surpassing Britain and to emerge among the "big three" global economies by 2040.
He also said while India's per capita income may still be modest, but the size of the economy was very large and growing at a fast pace in comparison to other economies in the world.