7% growth rate strong but not enough: Ra­jan

The Times of India (Mumbai edition) - - TIMES NA­TION -

In

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

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