Its premature to think India will replace China in influencing global economy: Raghuram Rajan
By MYBRANDBOOK
Former Reserve Bank of India governor Raghuram Rajan commented on Tuesday that it is too premature to think that India will replace China when it comes to influencing global economic growth.
However, as India is already the world's fifth largest economy, the situation may change going forward and has the potential to keep expanding.
He was speaking at a World Economic Forum (WEF) press briefing during the recently released Chief Economists Outlook that saw the majority of them expecting a global recession in 2023. Rajan said any recovery in the Chinese economy would definitely boost the global growth prospects. He said policymakers at this point of time are looking at the labour market and also at the housing market.
"Is it all gloom and doom? Not probably...If Mr Putin decides to end the war, there would certainly be an upside," Rajan noted. He said there are still 12 months to go and if China improves, that could be good.
"China is working its way through a pandemic and there will be a Chinese recovery this year, probably as early as March or April. Some of that would be in domestic services which may not have any impact outside. But any improvement in manufacturing may have some impact by way of softening prices outside," he said.
BREAKING NEWS
TECHNO TRENDS
PayPal data breach exposed 35000 PayPal accounts
PayPal suffered a significant credential-stuffing attack in December last ...
Google sued by US Justice Dept for dominating online ad market
The US Justice Department sued Google over its dominance in the online ad...
Mahanadi Coalfields to build power plant in Odisha
Coal India arm Mahanadi Coalfields Ltd (MCL) will set up a coal-based pla...
Omar Ishrak steps down as Intel’s Chairman
Intel’s Chairman Omar Ishrak had stepped down, with board director Frank...
E-Magazine
TECHNOTAINMENT
Anurag Singh Thakur launches Fit India's Healthy Hindustan Tal
Union minister of youth affairs and sports, Anurag Singh Thakur, on January
Are Sidharth Malhotra, Kiara Advani pairing for Shashank Khait
Sidharth Malhotra recently spoke about his upcoming project with rumoured
MOVERS & SHAKERS
Bharti Airtel ropes in Naval Seth as Head of Investor Relation
Bharti Airtel has announced the appointment of Naval Seth as the Head of I
Axis Communications announces three Key Appointments
Axis Communications has announced three key appointments for India. These
OPEN YOUR EYES
INTERVIEWS
Standard backups are no longer enough
Relying on traditional backups as insurance is no longer enough. Modern sys
Acuutech continues to deliver support solutions to constantly
Acuutech with its strong partnership with Lenovo and Microsoft forayed into
HOT PICK
Lenovo rolls out Premium 5G Android Tablet in India
Lenovo debuted its first premium 5G tablet - the Tab P11 5G. The tablet s
Motorola launches its motorola edge 30 fusion in Viva Magenta
motorola has announced the launch of its special edition - motorola edge
MAKE IN INDIA BRANDS
MSYS CONNECT INDIA PVT. Ltd.
ATRIE TECHNOLOGY PVT. LTD.
TVS ELECTRONICS ltd.
HP INDIA PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Icons Of India 2022: SANDIP PATEL
Icons Of India 2022: SANDIP PATEL...
Icons Of India 2022: AMIT AGARWAL
Icons Of India 2022: AMIT AGARWAL...
Icons Of India 2022: RAVINDER TAKKAR
Icons Of India 2022: RAVINDER TAKKAR...
OITF 2023
SIITF 2022
CDS 2023
BANNERS
CMO of the Year
Panel Discussion Session I
Panel Discussion Session II
Panel Discussion Session III
Women leadership in Technology Sales
WOMEN LEADERSHIP
IMAGE GALLERY
TRENDS IN TECHNOLOGY
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
