Economic recovery not yet complete – RBI Governor
Posted on: 14/Oct/2014 2:23:04 PM
The governor of the Reserve Bank of India, Mr. Raghuram Rajan, informed that the country has not yet achieved full economic recovery.
RBI governor was speaking in a function organised by Washington International Finance Company. Economic recovery has not been smooth. The performance in the financial quarter will be poorer than the previous quarter. However, there are prospects of the recovery process to gain strength leading to an economic growth of 5%.
There are bright prospects for achieving target for economic growth in the next year set at 6%. Plans have to be devised and executed accordingly. Coal & gas sector industry should be restored to a better position by solving all related issues. Shortfalls should be addressed and rectified.
If these basic aspects are properly taken care, economic recovery will be successful. The future economic growth of the country after 2016 will entirely depend upon the economic performance in the current years.
