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India Must Open Markets to Grow: Arvind Subramaniam
June 15, 2017
On this Thursday, Chief Economic Adviser Arvind Subramanian said that for India to grow at 8% to 10% it must seek to reverse the globalization trend and open the markets. He said that we must open the economy even more although the government has done a good job of relaxing the FDI rules in multiple sectors.
Referring to the monetary policy which he found quite loose, Subramaniam said that he always had a difference of opinion with Raghuram Rajan, former Governor of Reserve Bank of India.
