Pleasantly surprised by the economy’s ability to react: Raghuram Rajan

Rising exports in the second quarter, stronger agricultural production and the possibility that the US would find a way out of its fiscal stalemate leave are factors pointing to better times ahead for the Indian economy, the RBI governor says.

Rising exports in the second quarter, stronger agricultural production and the possibility that the US would find a way out of its fiscal stalemate leave are factors pointing to better times ahead for the Indian economy, the RBI governor says in his first interview to an Indian newspaper after taking charge at the central bank.

Rajan added that the first signs of revival would likely surface in the sector that went down first—large infrastructure projects.

Read full interview

HT Image