At the concluding day of the Delhi Economic Conclave, he said the recent economic data shows that GDP growth has gone up and performance of all sectors like industry and services are showing improvement. (Agencies)
"...to me what is positive is that proactive action can reverse the situation and that is the reason why I believe the RBI Governor also talked about continuing on the appropriate Bills that need to be passed even during the run-up to the elections so that we can keep up the momentum," Gopalakrishnan said.
GDP growth in the second quarter of the fiscal improved to 4.8 percent from 4.4 percent in the preceding three months.
Government has taken several measures like setting up a Cabinet Committee on Infrastructure and got passed key legislations such as pension act and companies act to help the country get back on high growth path.
Government is also making efforts to get legalizations like increasing FDI limit in insurance sector and Direct Tax Code passed in Parliament.
At the same venue, RBI Governor Raghuram Rajan said political parties must not postpone passage of important Bills because it may become challenging to get them approved after the 2014 general elections.
Talking about the services sector, where Infosys is a key player, he said that while there was a slump in growth of the segment due to cut in government expenditure and general slowdown in economic activities recently, but now there are signs of improvement.
"Services sector growth came down for two reasons, one is cutting government expenditure and second is the industrial side also slowed down. So both has had an impact on the services sector," Gopalakrishnan, who is also the Executive Vice-chairman of Infosys said.
At the concluding day of the Delhi Economic Conclave, he said the recent economic data shows that GDP growth has gone up and performance of all sectors like industry and services are showing improvement.