Focus on infra, power and exports to spur GDP growth, says Raghuram Rajan

For past few quarters, India has been witnessing slow growth due to factors like demonetisation.

Former RBI governor Raghuram Rajan has called for the need to focus on infrastructure, power and exports to stimulate GDP growth.
 
For past few quarters, India has been witnessing slow growth due to factors like demonetisation.
 
In April-June period, GDP growth slumped to a three-year low of 5.7 per cent
 
"We should not be so pessimistic and say that good times are over but we should be worried...growth had started falling from quarter which ended September last year," he said at an event to launch his book 'I do What I do'.
 
Rajan said the government should ensure that infrastructure projects actually get completed. The government can push harder if there are impediments, he said.
 
Ex-RBI governor said power sector requires reform in terms of improving health of distribution companies.
 
"Uday scheme has gone someway on financial engineering. Go further on line losses and others," he said.
 
According to him, export can be improved by focusing on things like building logistics infrastructure, improving exports promotion, etc.
 
Source: ET.com

Event date: 
Friday, September 8, 2017

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