Something seems amiss: Former RBI Governor on India's GDP figures
Former RBI Governor Raghuram Rajan stated that corporate sector investments and the inflow of foreign funds into India have slowed down. He noted a lack of consistency between this trend and the official GDP figures. Recent GDP data had revealed that India's economic growth rate was above 7 percent. Rajan made these key observations during a recent interview with national media, remarking that something appears to be amiss in the economy and that there seems to be a disconnect between the growth rate and investment inflows.
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