India set to become $2 trillion economy in 2014: IMF

India is poised to become a $2 trillion economy this year, while its GDP size would cross another milestone of $three trillion after five years in 2019, according to IMF's latest world economic outlook. India's ranking would also improve to seventh largest economy in the world, while measured on ‘current prices’ basis in US dollar, in 2019 from its tenth position currently. Latest data from the International Monetary Fund (IMF) show that Indian economy is set to be worth $2.05 trillion this year, increasing its size from $1.88 trillion in 2013. Last year too, India was among the ten largest economies in the world. Going by the IMF, United States would remain the world's largest economy with a size of $17.42 trillion, followed by China at $10.35 trillion. Meanwhile, India is all set to cross the $ 3 trillion milestone in 2019 with a size of $3.18 trillion, surpassing Russia, Brazil and Italy. This would also make India the world's seventh largest economy, according to indiatimes.com