India witnessing rise in growth, easing inflation, says Raghuram Rajan
The RBI Governor added "many" market participants were convinced that India could hit the RBI's target of bringing down consumer inflation to 6 per cent by January 2016
- Oct 16, 2014,
- Updated Oct 16, 2014 4:59 PM IST
Reserve Bank of India (RBI) Governor Raghuram Rajan said India is seeing a pick-up in economic growth although more could be done to support that on a sustainable basis, while noting inflation was also easing.
"The bottom line is we do seem to be picking up on growth and inflation is easing," he told students at a business school in Hyderabad.
Rajan added "many" market participants were convinced that India could hit the RBI's target of bringing down consumer inflation to 6 per cent by January 2016.
(Reuters)
Reserve Bank of India (RBI) Governor Raghuram Rajan said India is seeing a pick-up in economic growth although more could be done to support that on a sustainable basis, while noting inflation was also easing.
"The bottom line is we do seem to be picking up on growth and inflation is easing," he told students at a business school in Hyderabad.
Rajan added "many" market participants were convinced that India could hit the RBI's target of bringing down consumer inflation to 6 per cent by January 2016.
(Reuters)