India is poised for a 'leap in production' and the
government's Rhetoric on infrastructure creation is bearing results said by RBI governor Raghuram Rajan.
Rajan said i think we are right for change, the government focus on improving logistics network, on infrastructure creation, some of
the private sector companies like Snapdeal, Flipkart are creating a change
in warehousing, logistics. Rajan was in a conversation with Singapore
deputy prime minister Tharman Shanmugaratnam and Business Standard chairman TN
Ninan at the CII organised Singapore Symposium 2016. Rajan said for first time in India's
history the country is close to power sufficiency. I know the commentary
on the fact that some demand is not being expressed. But we are close to
sufficiency and given that we are using only 60 to 65 percent of the available
capacity there is room for power production.
Rajan said India could be on a verge of a
revolution provided businesses are allowed to find their own way. That
not planning too much the path that one has to go through, but instead create
the kind of infrastructure the kind of business environment which will allow
them to go where they desire to go.
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