"This government came in with tremendous expectations and I think the kind of expectations were probably unrealistic for any government," Rajan said responding to questions after his address to the Economic Club of New York on Tuesday.

  • Rajan said in the minds of the people, Prime Minister Narendra Modi's image was that of "Ronald Reagan on a white horse" coming to slay anti-market forces and such comparison was "probably not appropriate."

 

  • Modi government is "sensitive" to the concerns of investors and is looking into addressing economic issues: Rajan

 

  • Rajan's remarks came in the backdrop of Modi-led government completing one year in office this month.

 

  • Modi government received a commanding majority from an electorate that wanted jobs, economic development and respite from rising prices and corruption.

 

  • Rajan said there are several areas where the government has taken more "serious and significant" advances to improve investor confidence and propel growth.

 

  • There is a "broad consensus" for the Goods and Services Tax (GST): Rajan

 

  • Inflation has come down tremendously in India: RBI Governor

 

 

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