India doesn’t need to be the world’s factory to grow – here’s why

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"Many emerging economies have grown by building factories. India is taking a different route.

Already a global leader in services including coding, legal work and telemedicine tradable services now make up nearly 10% of its GDP. To sustain this growth, India must keep investing in healthcare, education and skills, says former central bank governor Raghuram-Rajan.

India is forecast to become the world's third-largest economy in the next few years.