Harvard Professor Dr. Gita Gopinath has said that there is good news to cheer for India. Dr. Gita Gopinath John Zwaanstra Professor of International Studies and of Economics, Department of Economics, Harvard University, USA, was delivering a talk on 'Global economic trends and its implications for India,' at the MYRA School of Business, Mysore, recently.

While most emerging markets are exposed to the negative shocks due to the Chinese slowdown and the crashing commodity prices, India -- being a big commodity importer, is in a rather privileged position, she said.

The China slowdown has not had a major negative effect on India as India's export to China is small--4%. The high borrowing interests are also not bothering India too much. Given that India has a young working force, the demographic aging trends and their negative impacts is not a major concern to India either.

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