Raghuram Rajan: India will be an engine of growth
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India is forecast to remain the world's fastest growing economy in 2016, according to the International Monetary Fund. With China's slowing economy, India's central bank governor, Raghuram Rajan, says the country's economy is heading in the right direction to become an engine of global growth. He spoke to Simon Jack at the World Economic Forum in Davos.
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1980 chinese gdp was 189.4 billion USD and India's was 189.6 billion USD but after 36 yrs, 2016 China's economy reached at 20 trillion But indian gdp only 8 trillion.surely China has a very good regime and hard working people but India's not and India is home to world’s largest poor population and 11 million street children.
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