Economist Nobel legend Amratya sen said that India and china will continue to grow, though a bit slower than it is today. He also said that it is not only good news for India and china but the whole world. Prof.sen also insisted that he will not say china and India shall be driving the world economy. He also said that he does not think there are any chauffeurs to the world economy, but the recession for the rest of the world could have been worse, if the Chinese economy in particular had come down sharply.
He also said that India and china have managed to handle the worst of recession. China and India have also have lot of business between them and it is more important for India than china.The Chinese are already 2nd biggest trading partner of India and will overtake the united states within three to four years.He said that G20 is an improvement and bigger than G7 and G8.Moslty things now run by G1 that is united states.We have limitation of G20.Because leaves out Africa.So he sail we need a G-all.G-20 is a very vast improvement over G7 and G8 but we cant stop there.