If India doesn't create the necessary infrastructure, it will hurt growth. India must take strong political steps to free up resources for investment.
More Quotes from Raghuram Rajan:
It's in the world's interests that India develop its nuclear power. To the extent that nuclear power has become safer over time, it is in India's interests to use this source.Raghuram Rajan
A number of developments concern us. These include the excessive dependence of global demand on consumption, especially in the US, the elevated level of asset prices, particularly housing and the high and volatile price of oil. The downside risks to our forecast have thus increased.
Raghuram Rajan
Europe's citizens do not seem convinced that the bitter medicine of continued structural reforms will cure the stasis that afflicts much of the continent. Of course economists can only prescribe but it takes politicians to persuade.
Raghuram Rajan
We have commented earlier, in the last World Economic Outlook, on the somewhat muted investment all over the world, especially in emerging markets.
Raghuram Rajan
Growth in 2005 will be about 0.1 percentage points lower as a result of Katrina.
Raghuram Rajan
If the economy turns down we may have more severe credit problems.
Raghuram Rajan
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