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On growth prospects of India and China, T N Ninan in his weekly column notes: One could argue that India is not troubled in the same way as China is by a declining population and structural problems in real estate/construction and finance. But India has serious trade and fiscal imbalances, and excessive dependence on capital expenditure by the government. The message is clear: If there is a growth race between India and China, there is as yet no one winner.
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First Published: Sat, March 04 2023. 06:30 IST
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