National/Business Desk
22 January
Ludhiana
Journalist Sandeep Dhand
Former Reserve Bank of India (RBI) Governor Raghuram Rajan has commended the Modi government for its efforts in improving India’s infrastructure. Speaking at the World Economic Forum’s annual meeting, Rajan highlighted the need for further steps to strengthen the job market.
He noted that the Indian economy is growing at 6 percent, which is impressive. However, he pointed out that India must grow faster in terms of per capita income to meet its development goals. “The job market needs immediate attention,” Rajan said, adding that he hopes the upcoming Union Budget will introduce measures to address this challenge.
Rajan also commented on the weakening rupee, which is nearing Rs 85 against the US dollar. He explained that this is largely due to the strength of the US dollar rather than domestic economic issues.
While praising the government’s success in infrastructure development, he stressed that job creation is the second key pillar that requires urgent focus. “The Union Budget is coming in the next few days, and hopefully, we will see something there,” Rajan said.
His remarks highlight the importance of balancing infrastructure growth with initiatives to boost employment opportunities across the country.