New Delhi, June 25 -- Union Minister of Commerce and Industry Piyush Goyal stated that India will become the third-largest economy by 2027 and become a USD 5 trillion economy in the next three years.

He said India is well on track to achieve a 5 trillion dollar economy and that the expectation is to reach this milestone within the next three years.

Union Minister of Commerce and Industry, Piyush Goyal, said this while speaking at a webinar hosted by the Merchants' Chamber of Commerce & Industry (MCCI) on 'India's March Towards a $5 Trillion Economy: Navigating Global Challenges' on Tuesday.

"By 2027, we hope to become the third largest economy in the world," he said.

He added that all stakeholders -- government, business community, in...