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Bankers look to India as Russia and China growth prospects dim amid Ukraine war, Covid-19

From JP Morgan to Deutsche Bank, the world’s biggest financial firms have booked heavy losses this year following Russia’s Ukraine invasion, while more risks abound amid tensions on the Taiwan Strait. But as Russia and China lose their lustre – at least in the medium term – bankers have looked to India as a bright spark.

In an interview with The Economic Times on Tuesday, Deutsche Bank CEO Christian Sewing called India “the powerhouse in Asia”, saying that the country was set to outshine most competing economies during a period of global uncertainty.


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