India to become bigger than China eventually: Raghuram Rajan
DAVOS: India will eventually surpass China in economic size and will be in a better position to create the infrastructure being promised by the Chinese side in South Asian countries, former RBI governor Raghuram Rajan said on Tuesday.
Addressing a session on Strategic Outlook for South Asia, Rajan said Indian economy would continue to grow while growth rate is slowing down in China
"Historically, India had a bigger role in the region but China has now grown much bigger than India and has presented itself as a counter balance to India in the region," Rajan said at the WEF Annual Meeting 2019.
"India will become bigger than China eventually as China would slow down and India would continue to grow. So India will be in a better position to create the infrastructure in the region which China is promising today. But this competition is good for the region and it will benefit for sure," he said.
The comments assume significance with China working on a lot of infrastructure projects across the region, including in Nepal and Pakistan.
In 2017, India became the sixth largest economy with a GDP of $2.59 trillion while China was the second largest with a GDP of $12.23 trillion, as per World Bank data.
At the same session, Nepal Prime Minister K P Sharma Oli cited collaboration with China as well as India as reasons for his country's economic growth.
Afghanistan CEO Abdullah Abdullah also pitched for greater collaboration among the countries in the region.
Rajan said there is an opportunity to create regional companies, and cited as an example that someone can just study how people in South Asia borrow and that would be great insight for banks.
Besides Free Trade Agreement (FTA), there is a lot of scope for work to be done. Apart from business, social sector can be another way and we can have more sharing of students across the region, he added.
While noting that people movement and especially youth going to another country can have a strong impact, Rajan said that India is the largest country in the region and it must play the role it needs to play.
译文来源：三泰虎 http://www.santaihu.com/46964.html 译者：Jessica.Wu
Shekhar Singh - 6 days ago -Follow
This guy is also not less than pappu. He keeps telling modi ruined economy, now he is telling India economy will surpass China others.
Ajit - 6 days ago -Follow
yes provided your friend pappu doesnt come to power
Jolly - 6 days ago -Follow
that's a compliment for MODI SIR from a villian
Tanmay - 6 days ago -Follow
It will happen if and only if NaMo/BJP/NDA remains in power for another fifteen years.
Raghu Kashyap - 6 days ago -Follow
Is Dr. Rajan is probably the probable event of his mentor/ friend P. Chidambaram going to jail soon. May be that is making him change his colors..
Gaurav - India - 6 days ago -Follow
Only is Scamgress does not get any seats and paapu goes to jail
Arun Choudhary - 6 days ago -Follow
It shows our better economy will continue
Ashwani - 6 days ago -Follow
This has become possible only due to PM Modi and this will eventually happen only if Modi remains our PM.
Yahoo - New Delhi - 6 days ago -Follow
Thanks for leaving India.
Sulai9211 Khan - DUBAI - 6 days ago -Follow
He dare say that when Congress ruled. I mean runied India
Rightwing Liberal - 6 days ago -Follow
Hmmm....once he said Modi ruined our economy....
Now he says Indian economy will grow...
How woud this happen??? Though Barking Pappu ?
Vijay - 6 days ago -Follow
we dont need certificate from this self centered rajan.... go to hale....
John - Pune - 6 days ago -Follow
India will and only Modi can help in achieving. China slowed down and we need more growth .
Modi only can give India infra push like he gave Bullet train. Only new tech can help India grow faster and increase its GDP per capita
Aaaa - 6 days ago -Follow
This man who insulted NDA & run away from here now waking up to reality.
Ajit Leo - India - 6 days ago -Follow
At last Rajan agreed and understand who is Modi.
Ms - 6 days ago -Follow
This Rajan to whom I had a great respect as an economist lost his credibility when he became political.,
Ashish - 6 days ago -Follow
Chandrashekhar - Mumbai - 6 days ago -Follow
India will become bigger than china only IF YOU, YOUR KHANGRESS AND CHIDDU DOES NOT POKE YOUR DIRTY NOSES in Indian Economy.
Stock Trader - 6 days ago -Follow
There is no doubt that the Indian economy is doing well right now and we have to give the credit to the current Govt. However, looking at all the comments, it shows that people don''t understand the history of Indian economy. The economic growth of India is not a new thing that emerged during Mr. Modi''s term (Looking at the comment that''s what people are implying here). This is what everyone (US, and the west) has been anticipating and teaching in schools since 2004. It is just a matter of time that we would overtake China. In 1991, we had the economic reform and since then our economy has been slowly growing but not any where close to the anticipated growth though. I hope this Govt speeds up the process. Congratulations to PM. Modi and finance ministry team.
John - Pune - 6 days ago -Follow
Hopefully if Modi is there and his vision like he gave Bullet trains our Kids will on day see Indian Infrastructure like China.
otherwise Scamgress and opposition will loot all money and send it to Italy from here like they did in all their scams .
Deep - 6 days ago -Follow
Well he is so confused... One time he says, current policies have impacted growth of our country and now he is saying something different.
Anyway, if the current go nment continues, then it will surely the economy will surpass China someday.
Spotlight - 6 days ago
That means in 2017 under Modi's rule India became the 6th largest economy. We only have hope if Modi is our PM. Happy many people are supporting Modi, besides a few chors..
Ashok - 6 days ago -Follow
India needs to protect itself from enemies sitting within as they may one day cause enslaving her again. So many black sheep political leaders are there nourishing these enemies.
American desi - NYC - 6 days ago -Follow
Is he again looking for a job in India?
Abhijit Ganguly - Kolkata - 6 days ago -Follow
This country alongwith Modi PM can do wonders
Shyam - 6 days ago -Follow
Fifty years back India was way ahead of China but because Indian politicians became so corrupt that they started looting public funds with a concept that I loot, You loot, We loot, let Country go to hell. So India's growth was halted. Scam after Scam continued. Having left with no choice Modi got thumping majority. But the mess of 60 years will take time to get cleared specially because every official has become Habitual of choir. Habits die hard. But if Modi continue for 10-15 years, we can hope a better India.