It’s Good Time To Invest In India: Rajan

Reserve Bank of India Governor Raghuram Rajan has said that now there is the political will for financial reforms and propel India’s economic growth. He also said that it’s a good time to invest in India.

“Financial reform is not difficult — we have the political will to improve,” the Indian consulate in the US tweeted quoting Rajan. Another tweet quoted him as saying, “Time to deliver begins now. We need to focus on deliverables.”

Rajan called on the Indian-American business community to get involved in the “nitty gritty of the implementation process.” He said that this is not difficult as the new government in India has the political will to undertake reforms.

The RBI governor was addressing a gathering of prominent Indian-American businessmen from the finance and investment banking sector at an event organised by the consulate general in association with the India-America Chamber of Commerce.

“Developing infrastructure, improving the quality of human capital, optimum regulation for good business and extensive financial sector reform should be the next steps for improvement and development of the Indian economy,” a press statement issued by the consulate stated.