"If we have an average annual GDP growth at 7.2%, than it will double in the next 10 years, but if the growth rate stands at 6.8% just like in previous years than it will take 12 instead of 10 years," Alexei Kudrin said at the First Pacific Economic Congress, held in Vladivostok, in Russia's Far East.
Earlier the Russian finance minister said Russia's GDP growth this year will exceed the level of 7%.
Kudrin also said that Russia's rapid economic development and its current macroeconomic policy will promote Russia to the top six countries with the most developed economies within the next 10 years.
"In the next 10 years Russia will enter the top six of the largest economies in the world," the minister said adding that in two years Russia will surpass the economy of France.
Kudrin also said he was confident that Russia will become a full-fledged member of the World Trade Organization (WTO) in the next several years.
