"What China has accomplished in last 15 years is very impressive. China's economy has gone from USD 2 trillion 15 years ago to USD 10 trillion today," Panagariya said at the India-China Strategic Economic Dialogue held at the IIM here.
He said, "With China promoting out-bound investment and India seeking foreign capital and technology, it should enable us to take advantage of the synergies and put in place a vigorous framework to strengthen bilateral investment relationship."
The NITI Aayog vice-chairman said, Dr APJ Abdul Kalam Centre for Policy Research and Analysis of IIM Shillong should create a dedicated team to study how China contributes USD 500 billion or more to annual growth of the global economy.
He said there is much scope for India to benefit from Chinese experience in the manufacturing sector and make the country into a robust & steady economy.
He suggested that the Dr APJ Abdul Kalam Centre can have a specialized India-China Policy Research Group to work closely with NITI Aayog for the next India-China Strategic Economic Dialogue.
During last India-China Strategic Economic Dialogue, both the nations have agreed upon working on Contribution to Global Recovery & Growth, Developments in the Indian & Chinese Economies, and Bilateral Cooperation.
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