5% growth isn’t enough: Raghuram Rajan on Modi govt’s performance
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Raghuram Rajan, the former RBI governor has said that significant reform is required to boost the Indian economy. India’s CSO estimated the GDP growth for 2020 would be around 5% against 6.8% in 2019. This is country’s lowest economic growth since FY09. Rajan said that, 5% growth is not enough and to achieve more growth, the country needs significant reforms. He said that the economy gradually slowed down in last 15 yrs.