Historian and author Niall Ferguson said he is optimistic about India and that it will overtake China in terms of growth rate.
Speaking to Kalli Purie, Vice-Chairperson and Executive Editor-in-Chief, India Today Group and Rahul Kanwal, India Today News Director, Niall Ferguson said, “I’ll predict here and now on this show that China’s growth rate is going down to low single digits in the coming decade. That won’t be true for India. So I go back to my earlier prediction.”
“India is going to overtake in terms of growth rate. For China, it will take a while to catch up in terms of aggregate gross domestic product. But it seems to me that that’s the future of this century because India has all these advantages. And one other advantage, let’s not forget, India is still a free society with a pretty free press and free elections. China has nothing like that. It’s a one-party state with the old centralised Communist Party model. That’s another reason why I was an optimist about India 10, 12, 15 years ago. And I remain an optimist,” he said.