Neelkanth Mishra said fertility rate is falling in India and net savings increasing
New Delhi:
The US economy may slow down by mid next year and that will hurt the global gross domestic product (GDP), a top economist has said. In an exclusive conversation with NDTV, Neelkanth Mishra, who is the Chief Economist for Axis Bank and the part-time chairperson of the Unique Identification Authority of India, said China will grow slowly but won’t collapse, while the US is likely to see problems in the next 12-18 months.
“China will grow slowly. It is a tightly controlled model, everything is state owned, state controlled and further intensified. Instead of people’s expectation of growing at 5 per cent, China will grow at 2 per cent. But it is not going to collapse. The problem in the next 12-18 months is going to be the US,” Mr Mishra told NDTV. The US election which is coming up makes the…
