He stressed upon the fact that the lack of project implementation has held up growth and now that several projects have been cleared, he expects a change in the sentiment of the country. The good monsoons will bring about growth in the agricultural sector which will decrease inflation. Moreover, growth in the trading portals implies more exports, increase in consumption, and increase in investments which will in turn help to bring the economy back on track.
He took up several questions put up by the audience and explained his ideas on banking licenses, on balancing growth with inflation and on the RBI abolishing zero percent EMI welfare scheme before the festive season. He said that protecting consumers against malpractices is a priority for the central bank and all their policies are for the benefit of the people. He also said that inflation and growth go hand in hand and they can co-exist. He stated that the RBI is trying to maintain a stable and relatively low inflation rate which will help growth in the long term. His message to the budding managers of IIM Raipur is to find what one really wants in life and to pursue it in the new and vibrant India where choices are galore. He elucidated with the famous Sanskrit shloka, ‘Karmanye vadhikaraste ma phaleshu kadachana,’ that is ‘do your duty and do not worry about the fruits,’ as mentioned in the Indian scriptures, is what he believes in and puts to practice.
(Edit Note : We normally cover only established institutions from which at least 5 batches have graduated but we always keep an eye out for interesting and unique stuff or a big event.)
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