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India Can Be Miracle of the 2020s, Says Ex-Central Bank Chief

Say hello to the world’s next miracle economy: India. The nation has what it takes to push past China as the region’s economic powerhouse, according to its former central bank governor.

India’s young workforce gives it an advantage over aging China and its democratic political system will save it the upheaval that probably awaits its larger rival, Duvvuri Subbarao said in an interview at a Credit Suisse conference in Hong Kong.