Former RBI Governor Raghuram Rajan expressed concern over the Indian economy

New delhi date. 8 December 2019 Sunday

Former RBI Governor Raghuram Raj has given a statement on the downturn in the Indian real estate sector. Rajan has warned the central government that there is a lot of pressure on the sector due to economic sluggishness in the real estate sector. So if steps are not taken soon enough, the consequences will not be good and the country will suffer.

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At the same time, he said that the country was going through a time of recession. The sign of sluggishness in the economy is due to the management of the economy from the Prime Minister's Office. They say that ministers have no power. So the rules for capitalization need to be liberalized. Apart from this, Raj has called for improvement of land and labor markets and promotion of growth.

Rajan said that in addition to the decision for reforms, the decision on the idea and the plan is also taken by some people close to Prime Minister Narendra Modi and the PMO, who are not working for economic reforms.