Indian economy will grow faster than China despite the temporary slowdown created by demonetisation, an Indian-origin academic and former Singapore diplomat said at a conference of leading world universities here today.
“Even if the demonetisation created a slowdown, it is not going to change the long-term momentum of where India is going with its economic growth,” said Dean Kishore Mahbubani of the Lee Kuan Yew School of Public Policy at the National University of Singapore.
Concluding a three-day conference attended by educators from leading universities from across the world that make up the Association of Professional Schools of International Affairs, Mahbubani said demonetisation is good for Indian economy in the long-term.
“I think demonetisation is a good thing for a lot of (black) money has come back into the economy. That, I think, is good for the economy,” he said.
