Raghuram Rajan says things will only get better for India’s economy

The news on the economy will only start getting better from now, Reserve Bank of India (RBI) Governor Raghuram Rajan said, reflecting a growing view in many quarters that the Indian economy has bottomed out. He listed the factors behind his assessment: rising exports in the second quarter; the possibility that the US’s problems would be temporary and that lawmakers in that country would arrive at a fiscal deal; stronger agri production; and the revival of many projects that were stalled. Read More