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Will India replace China? Long way ahead, says Rajan

Will India replace China? Long way ahead, says Rajan

Reserve Bank of India Governor Raghuram Rajan has said it will be ‘a long time’ before India can replace China as a growth engine for the global economy, even if it grows at a faster rate. The comments assume significance in the wake of a China-led slowdown hurting the markets worldwide in the recent days, which has led to calls in India for taking this crisis situation as an ‘opportunity’ as the global economy may need alternative growth engines. Asked whether India can ..., 1 month ago
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