Government and RBI working together to address challenges of economy: Raghuram Rajan

Government and RBI working together: Raghuram Rajan
Raghuram Rajan, Chief Economic Adviser, Ministry of Finance, on Tuesday said government and the Reserve Bank are working together to address the challenges faced by the Indian economy.

"We do not have a magic wand to make the problems disappear instantaneously, but has absolutely no doubt that we will deal with them," Rajan said after the order of his appointed as the new Governor of the Reserve Bank of India (RBI).

Rajan said that the RBI is a great institution with a tradition of integrity, independence and professionalism and he looks forward to working with the many dedicated employees of the RBI to continue these traditions, even though he will miss his colleagues at the Finance Ministry.

These are challenging times for the Indian economy, though no one can have any doubt about the country's promise, he added.

Dion Global Solutions Ltd.

Read more about: raghuram rajan, rbi
Story first published: Wednesday, August 7, 2013, 9:20 [IST]
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