New Delhi: In recent times we have seen that our Indian economy is going low day by day and by this our government is doing very great things to recover the Indian economy and this only in the recent interview with the Reserve Bank of India’s Ex-Governor Raghuram Rajan has said something about our Indian economy and by them in the interview, they have said proper for the better economy in our country and by this in the world we are fifth largest economy country they get some wrong effects. So let’s know what Raghuram Rajan is explaining about our Indian economy.
In the interview, Raghuram Rajan said that India’s economy is likely to rebound after some recent weakness in the economy, and by this, the growth will remain the same it will potential this was said by Raghuram Rajan in the interview. He said, the world’s largest economic country is trying slightly to expand by over 6% in the economy by the quartered end of December, and this slight expansion will be not enough the get improvement in the economy that’s by some sources, they have marked significant improvements from the July to September when the growth slumped to a seven-quarter low of 5.4%.
In an interview, Raghuram Rajan said that this increase will not be enough for the world’s most populous country for the required number of jobs for labor because if we see the unemployment in our country then there is the highest rate for unemployment. After all, some with master’s degrees don’t have any jobs so they are unemployed this is only the main reason for the lowest weakness in the recent graph if we look at that and by this only there will be many problems are created by them and by this government is trying to remove the unemployment in the country, said by Raghuram Rajan a former ex-governor of Reserve Bank of India and the professor of the University of Chicago Booth School of Business.
The South Asian Nation has expanded its percentage it about 6% over the last 25 years, in some cases, we can say that is extremely creditable, except if we compare it with China. Rajan has said that India needs another two percentage points of growth, to employ, the people who are coming from the labor force in India because they don’t have any jobs if India is thinking that they want to have a stable economy and fast-growing economy then India want to first remove the unemployment problem from India because if we see the rate unemployment is very much in India.
India is now ready to release their gross domestic product figures for the October to December period this Friday just a few weeks earlier the RBI governor cut the interest rate in last almost five years and now by this, they are trying to control their economy. According to Rajan the RBI Cheif from 2013 to 2016 they may not have tried to give proper information and the mindset in the economy and now India is trying to ramp up the skill base by the people who are coming from the labor force so they can also get the jobs by this they are trying to some problem with the unemployment and in the interview Raghuram Rajan had some interested point by this they giving an ahead idea for the Indian economy trying too growing simply and with some problem which they are trying to solve by the time.
