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That’s how it happened in China and East Asia.Won’t the current trade wars affect exports? No, because India’s export share is so small that we can always gain market share indeed, the current US face off with China gives us an opportunity to insert our firms into global supply chains.So, what do we need to do to increase investment? We need a high savings rate, which will come with good jobs. “Jobs that pay meaningful wages become crucial in driving savings rate in the economy,” says the Survey. That will mean increasing formalisation of the economy.

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