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Recovery uneven, more work needs to be done: Rajan

RBI Governor says while auto is doing well, farm sector needs to pick up after two successive droughts; looks at small enterprises for jobs

RBI, Raghuram Rajan
File photo of RBI Governor Raghuram Rajan (Image credit: Kamlesh Pednekar)

Reserve Bank of India (RBI) Governor Raghuram Rajan on Saturday said recovery in Indian economy is uneven. “Broadly, the economy is in the midst of a recovery but it is uneven… Some sectors are certainly experiencing stress. There is still work to be done. A good monsoon is going to be very beneficial for growth,” he said in his address to ministers and civil servants at the Odisha Knowledge Hub lecture series titled ‘India: Prospects & Challenges’. Rajan said sectors like auto are doing quite well but agriculture needs to pick up after being hit by two ...