Raghuram Rajan is confident about India’s leap in production
Advertisement
Advertisement
"I think we are right for change. The emphasis of the government on infrastructure creation, improving logistics network, some of the private sector companies like Flipkart and Snapdeal are creating a huge change in warehousing, in logistics," the RBI governor said while talking to Singapore Deputy Prime Minister Tharman Shanmugaratnam and Business Standard Chairman TN Ninan.
They had met at the CII-organised Singapore Symposium 2016.
Rajan also stressed on the point that for the first time ever, India is standing close to power sufficiency. "I know the commentary on the fact that some demand is not being expressed. But we are close (to sufficiency) and given that we are using only 60 to 65% of the available capacity there is room for power production," he said.
Advertisement
Image source
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Rupee falls 6 paise to 83.39 against US dollar in early trade
- Markets decline in early trade; Kotak Mahindra Bank tanks over 12%
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- Data Analytics for Decision-Making
- Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near