Raghuram lauds Govt on infra creation

The Dollar Business Bureau

The Governor of Reserve Bank of India (RBI), Raghuram Rajan said the country is poised for a ‘leap in production’ and the emphasis of Indian government on creation of infrastructure is bearing outcome.

He said, "We are right for the change. With the focus of the government on creation of infrastructure and enhancing logistics network, several companies of private sector such as Snapdeal and Flipkart are bringing out a big change in warehousing and logistics.”

The Governor made these remarks while speaking with Tharman Shanmugaratnam, Deputy Prime Minister of Singapore and TN Ninan, Chairman of Business Standard, at the Singapore Symposium 2016, organised by the CII.

The Governor pointed out, “For first time in the history of India, the country is nearing towards power sufficiency as currently we are only utilising 60-65% the capacity available and there is more room for production of power.”

He said that the country could be on the cusp of a revolution if businesses are allowed to discover their own ways. 

"Not too much planning is required, but instead there is a need to provide a kind of infrastructure and business environment which can allow businessmen to go where they want to go," he added.