The president of Confederation of Indian Industry (CII) commented on the new RBI Governor Dr Raghuram Rajan's pro-reforms approach and said that it indicates that the RBI would take steps to revive the growth in Indian economy.
CII President, Kris Gopalakrisnan said that the economy is passing through difficult times but under the leadership of Rajan, RBI would make a shift towards an accommodative monetary policy which in turn would spur investments and bring growth back.
Gopalakrisnan further said that the reform suggested by Rajan, which include financial inclusion, facilitating investment flows, promoting financial savings, addressing the depreciation of the rupee and rising inflation are timely and reflect an innovative approach to revive economy and investor confidence.
The CII appreciated the RBI Governor's bold thinking on the issue of internationalization of the Rupee and capital inflows.
Gopalakrisnan further said that CII and the Central Bank are certain that under Rajan's leadership RBI would set new benchmarks not only for others in India to follow but would be a model for the world to emulate.
