"I do believe such a time will come in the not too distant future. The Eurozone economies will face huge turbulence certainly up to 2014. So the real big growth cannot come till then. But hopefully soon after that. . .", he said, when asked how soon India would return to 9 per cent growth rate.
Basu, in an interview to The Wall Street Journal, ranked India's economic performance in the past three years as "B-plus" on a scale of A to Z.
Former Cornell University professor, Basu had left the government after completing his term as chief economic advisor in the Finance Ministry in August 2012.
He was appointed the Chief Economist of the World Bank on Wednesday and is schedule to take over from October 1.
India has been growing nine per cent plus before the global financial meltdown of 2008. The growth rate in 2011-12 slipped to nine-year low of 6.5 per cent.
Recalling his appointment as CEA, Basu said he was hesitant to take over the job of an advisor, but would not mind taking up similar assignments again.
"I never sought an advisory job (a Chief Economic Advisor) and even hesitated when I was first asked", he said.
However, he added, "but
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