NEW DELHI: Former RBI Governor Raghuram Rajan has said slowdown in growth is due to the current Government focussing more on meeting its political and social agenda rather than paying attention to the economy.
India can still reverse its slowing economic growth by paying attention to key issues, he said.
“It’s a sad story, I think most recently, it is politics,” Rajan said in response to a question on what was stopping India’s growth which remains below potential.
In an interview to Bloomberg TV, Rajan said unfortunately the current Government after a massive election win has “focussed more on fulfilling its political and social agenda rather than paying attention to the economic growth”.
“Unfortunately, this drift has continued a pace of slowing growth, which was precipitated initially by some actions the Government took such as the demonetisation and a poorly rolled out Goods and Services Tax (GST) reform,” Rajan said. (AGENCIES)
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