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Investment Necessary for Economic Growth, Says D Subbarao
August 16, 2017
Former Governor of the Reserve Bank of India D Subbarao, who was present at a meeting organized by the Federation of Telangana and Andhra Pradesh Chamber of Commerce and Industry (FTAPCCI) and the Rotary Clubs of Hyderabad today, said that for economic growth in the country investment is the most important factor. He pointed out the economic survey that was presented to the Parliament recently that said it’s impossible to sustain a 7% growth in a situation where there is a low investment, low credit growth, and low export volume.
Subbarao said that if someone were to ask him what India needs to continue growing, his answer would be “investment”.
