India can take over the baton of higher growth from China for the next three decades if ties between the two Asian giants remain buoyant and the Indian economic trajectory follows the Chinese one, NITI Aayog Vice Chairman Rajiv Kumar has said. For the first time since the global economic crisis in 2008, “there are signs of synchronised economic recovery in major economies” like the US, Europe and Japan, he said at the third annual dialogue between the top planning bodies of the two countries. This is good for the recovery of the global economy, he said, adding, in this scenario, India and China should place themselves to take advantage of the synchronised global recovery.
“It is imperative that the two countries work together and help each other to grow further,” he said while addressing the dialogue between the NITI Aayog and Development Research Centre (DRC) of China here. “I think now perhaps hope all of us agree that given the circumstances globally and in Asia, may be India can take over the baton of higher growth from China for the next 30 years,” he said. He said Prime Minister Narendra Modi was “very emphatic” about India’s growth rates moving to double digits as higher growth alone can remove poverty in India as in China. He said China’s achievement of lifting over 600 million people out of poverty is “remarkable in human history”.