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Last two decades were China’s, the next two should be India’s: Arvind Panagariya

The opportunities are absolutely enormous. China was the rising economy over the last two decades and India ought to be that in the next decade, hopefully for next two decades. So opportunities are enormous and the challenge I still see is that of economic transformation which to me means being able to transfer a very large part of the agricultural workforce into industry and services NSE -1.07 % and also transfer a good proportion of the population or the workforce currently in very very small enterprises into larger enterprises. If we can do that, the rest will follow automatically because what we call development, urbanisation everything is closely connected to that particular step that we need to take.

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