Confident of economic recovery, RBI Governor Raghuram Rajan said capital investments are improving but a stronger growth would require more reforms and clearing bottlenecks for stalled projects. Rajan, known for critical analysis of macroeconomic trends, however said that subdued exports, primarily on account of global factors, remain an area of concern. Talking to reporters in Chennai after a meeting of RBI's board, he said that the emphasis should be on areas of bottlenecks and areas where reforms are needed to ensure that Growth is strong and sustainable.Replying to questions on inflation and its implications on the policy stance of the RBI, Rajan said that Inflation is always a matter of concern. He said that the news on monsoon has been good so far and it is something that is being watched.Rajan also said that India will see only limited impact of the debt crisis in Greece as it has little direct exposure to the European nation.He however said that due to its bearing on foreign exchange it may have an indirect impact.
News On AIR | July 3, 2015 8:23 AM
Economy picking up, need more reforms for strong growth: Rajan