ENA Economy 2023-01-19 12:16:41 <p><span style="font-size:14px"><strong>New Delhi, Jan 19 (KNN)</strong> India should take advantage of its G20 presidency to strive for opening its service exports to the world, said Raghuram Rajan, the former Governor of Reserve Bank of India (RBI).</span></p> <p><span style="font-size:14px">Rajan is of the opinion that excessive investment is going towards chip making globally which he warns could lead to a surplus.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">Opening up of China could also pose some risks towards the Indian economy, he said in a television interview during the ongoing World Economic Forum (WEF) meeting at Davos</span></p> <p><span style="font-size:14px">India is doing well in service export, the former RBI Governor said.</span></p> <p><span style="font-size:14px">He added that if India could use its G20 presidency to push for greater openness towards service exports, it could help push India's growth.</span></p> <p><span style="font-size:14px">Rajan said that excessive focus towards investments in chips shows a lack of trust between countries.</span></p> <p><span style="font-size:14px">The world doesn't require so many chips, everyone wants to secure themselves by focusing on domestic manufacturing, he added. <em><strong>(KNN Bureau)</strong></em></span></p> 31999 https://knnindia.co.in/news/newsdetails/economy/former-rbi-governor-advises-india-to-use-g20-presidency-for-openness-towards-service-exports 2023-01-19 12:16:41 knnindia.co.in