India growth to overtake China: Kaushik Basu

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 Kaushik Basu said on Monday.

New Delhi: 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 Kaushik Basu said on Monday.
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.

Bureau Report

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