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The Times of India
The Times of India
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TIMESOFINDIA.COM

Raghuram Rajan explains why India should not follow China's economic model

Raghuram Rajan India China RBI Reserve Bank of India Economy New Delhi

NEW DELHI: Encouraging India to adopt a services-led export model, former Reserve Bank of India (RBI) governor Raghuram Rajan said that following China's manufacturing-led export path would have been detrimental to world economy.

In a lecture organised by the International Monetary Fund (IMF) during its annual meeting in Washington, Rajan spoke largely about globalisation and climate change.

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