Ex-RBI Guv Raghuram Rajan lauds Modi govt, hopes job market to get boost

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Ex-RBI Guv Raghuram Rajan lauds Modi govt, hopes job market to get boost - Business Standard

Quick Summary:

Former RBI Governor Raghuram Rajan on Tuesday lauded the Modi government for doing a lot of good work on the infrastructure front in India and hoped there would be some concrete steps in the upcoming Budget to boost the job market.

The Modi government has done a lot of good work on the infrastructure front but the other key pillar that needs to boost consumption is the job market, he said.

Speaking at a session on the US dollar here at the World Economic Forum Annual Meeting, Rajan also said the depreciation in rupee to near Rs 85-level against the US dollar is more because of the strengthening of the American currency rather than any domestic factor.