World can't afford India to follow China's manufacturing path: Raghuram Rajan

October 17, 2022 08:50 AM

Former RBI Governor Raghuram Rajan in a recent speech batted for a services-led export model for India, instead of following China's manufacturing-led export model.

"Export-led services growth will be much less environmentally harmful – the world cannot afford India to follow China's path, even if it were open to it," he added.

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