New Delhi, April 22 -- India's fall to the sixth-largest economy is only a "temporary blip" and the gap with higher-ranked economies is easily coverable, said Nilesh Shah MD Kotak Mutual Fund and member PM's economic advisory committee, asserting that the country remains on track to become the world's third-largest economy in the coming years.

Reacting to the latest International Monetary Fund (IMF) data showing India slipping from fourth to sixth position, Shah attributed the change to technical and currency-related factors rather than any structural weakness.

"Two things happened. One, we changed the base year for GDP calculation... Second, rupee depreciated last year by almost 10%. Both these things combined brought our GDP from abov...