It will take 1-2 years to come out of economic slowdown: Bimal Jalan

The former RBI governor shares his views on the slowdown.

In the third part of the series, in which top economists and thinkers offer their views on reviving the economy, the former RBI governor says global slowdown won’t be a hindrance in achieving 7.5-8% growth

I think this economic slowdown is cyclical and not structural. The reason why I am saying this is that all factors of production such as investments, savings, land, technology are in our favour. So, it is cyclical in that sense. 

The slowdown is in some sectors, primarily in manufacturing, and not across the board. There is no slowdown in services. 

There is slowdown in