RBI Deputy Governor talks about exports in the country
Posted on: 13/Mar/2016 10:55:07 AM
On Saturday, Reserve Bank of India`s Deputy Governor H.R. Khan spoke about CAD and exports.
At an official meet, Mr. Khan said, It will be difficult to maintain high growth and CAD at sustainable level amid falling exports. Our exports have come down. It will be difficult to maintain high growth rate, if export growth comes down. Sustainable CAD will also depend on exports. We have trouble in exports. Although inflation is in control but food inflation is going be a problem for India.
Inflation is in control in India. But food inflation is going to be structural issues in India. Food inflation gets into general inflation. (RBI`s) idea is that we should open our debt market gradually. Make in India should become Create in India.
India has over the year increased engagement with rest of the world. Export growth is important and we need to access new markets. We are all focused on health of India`s banking sector.
