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Former RBI governor Raghuram Rajan has said it is too premature to think that India will replace China when it comes to influencing global economic growth.
However he told as reported by PTI , the situation may change going forward as India is already the world’s fifth largest economy, it is growing and has the potential to keep expanding.
At a World Economic Forum (WEF) press briefing on the recently released Chief Economists Outlook that saw majority of them expecting a global recession in 2023, Rajan said any recovery in the Chinese economy would definitely boost the global growth prospects.
