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Washington: 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. Reuters
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