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India will play key role in shaping global growth: Gautam Kumra,chairman, McKinsey Asia

"For the first time in history, a large majority of the world s population is not experiencing growth rates above 1%. In the past, China played a significant role in global growth. Now, India is emerging as a key player. India s rise can make a meaningful impact on global economic growth," Kumra said. In its new report, Asia: Cusp of a New Era, McKinsey said that India is also emerging as a key global trading partner.

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