India witnessing rise in growth, easing inflation, says Raghuram Rajan

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)