- WASHINGTON: India’s growth rate is poised to overtake China’s within two to three years, despite a near-term slowdown, India’s chief economic adviser said.
Kaushik Basu told a conference that it was necessary for India to throttle back growth in the short-term to control inflation to preserve long-term growth prospects.
“I would argue that this is a road bump, a sticky patch. The medium- to long-run growth prospect for India happens to be very good,” he said.