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India May Surpass Britain to Become World’s Fifth Largest Economy Next Year: Indian Finance Minister

India’s finance minister Arun Jaitley on Thursday (30) said, India is very likely to outperform Britain next year to become the fifth largest economy in the globe.

"This year, in terms of size, we have overtaken France. Next year we are likely to overtake Britain. Therefore, we will be the fifth largest (economy)," he said in New Delhi.


India has the potential to become the world’s largest economy to have a place among the top three economies of the globe in the next 10 to 20 years as other counties have been witnessing economic growth at a much lesser rate, Finance Minister added.

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Nykaa beauty demand

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Nykaa profit jumps on strong beauty demand

Highlights

  • Quarterly profit surged to 344.4 m rupees from 100.4 m rupees year-on-year.
  • Revenue grew 25 per cent to 23.56 bn rupees on premium brand partnerships.
  • Company expands internationally with Kay Beauty launching in UK stores.
Indian beauty retailer Nykaa has posted a more than three-fold increase in quarterly profit, driven by steady demand for makeup and skincare products and strategic partnerships with global brands.

FSN E-Commerce Ventures, which operates the Nykaa platform, reported a profit of 344.4 million rupees (£3.9 m) for the quarter ended 30 September, up from 100.4 m rupees a year earlier.

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