Ra­jan

Hindustan Times (Delhi) - - METRO -

Ra­jan, in his ad­dress, said a growth rate of 7% per year for 25 years was “very very strong” growth, but in some sense this has be­come the new ‘Hindu rate of growth’, which ear­lier used to be 3.5%, PTI re­ported.

‘Hindu rate of growth’ refers to the pe­riod be­fore the 1990s when In­dia’s econ­omy growth stag­nated at that pace.

“The re­al­ity is that 7% is not enough for the kind of peo­ple com­ing into the labour mar­ket and we need jobs for them, So, we need more and can­not be sat­is­fied at this level,” Ra­jan said.

He also said that In­dia was now sen­si­tive to global growth since it has be­come a much more open econ­omy, and if the world grows, it also ex­pands at a faster pace.

In­dia, he as­serted, is ca­pa­ble of strong growth. “If we go be­low 7%, then we must be do­ing some­thing wrong,” he said, adding that

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