Raghuram Rajan says won't be euphoric despite India being a fast-growing economy

Rajan said implementation of several reforms would be key to ensuring India posts high growth

Reuters April 20, 2016 18:17:59 IST
Raghuram Rajan says won't be euphoric despite India being a fast-growing economy

RBI Governor Raghuram Rajan said he would not be "euphoric" if the country were to become the fastest growing large economy, while noting that it needs to ensure growth is fast enough to boost citizens' livelihoods.

Raghuram Rajan says wont be euphoric despite India being a fastgrowing economy

AFP

"As a central banker who has to be pragmatic, I cannot get euphoric if India is the fastest growing large economy," Rajan said in a speech to banking and finance students at an institute in Pune.

"We have to repeat this performance for the next 20 years before we can give every Indian a decent livelihood."

Rajan added the implementation of several reforms would be key to ensuring India posts high growth.

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