The news on the economy will only start getting better from now, Reserve Bank of India (RBI) Governor Raghuram Rajan said, reflecting a growing view in many quarters that the Indian economy has bottomed out.
He listed the factors behind his assessment: rising exports in the second quarter; the possibility that the US’s problems would be temporary and that lawmakers in that country would arrive at a fiscal deal; stronger agri production; and the revival of many projects that were stalled. Read More
