The Reserve Bank of India will need to borrow less after the cash returns to banks following demonetisation, he said.
“India will grow faster than China even after this (demonetisation) slow down. There is a lot of momentum in the Indian economy,” said Mahbubani.
The conference also discussed changing global trends.
“We are moving from a unipolar world to a multi-polar world which is good for small states because they will have more options,” he said.
