HOME > MARKETS > ECONOMY NEWS
  ECONOMY NEWS
ECONOMY
Govt needs to fix problems in power, non-bank financial sectors: Raghuram Rajan
Aug-20-2019

Terming slowdown in the economy as ‘very worrisome’, Former Reserve bank of India (RBI) Governor Raghuram Rajan has said that the government needs to fix the immediate problems in power & non-bank financial sectors.

Rajan also expressed a need for fresh set of reforms to boost the economy and growth rate. Besides, he called for a fresh look at the way GDP in India is calculated, adding that there are a variety of growth projections from the private sector analysts, many of which are perhaps significantly below government projections.

Former RBI Governor further noted that businesses all around are worrying and complaining out loud that they need some kind of stimulus. Meanwhile, India's economic growth slowed to 6.8 per cent in 2018-19 - the slowest pace since 2014-15.

  RELATED NEWS >>