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#MarketCrashdown: RBI Governor Raghuram Rajan says India still in a better position than other countries

News Agencies | Updated on: 24 August 2015, 11:01 IST

Speaking on the continued market volatility from last week, Reserve Bank of India (RBI) Governor Raghuram Rajan on Monday said that relative to other countries, India is in a good position.

"While I don't want to opine on future directions of markets, I would say, relative to other countries India is in a good position," said Rajan.

"Once market volatility settles down, India should emerge again as an investment destination of choice," he added.

Rajan pointed that although consumer inflation has fallen sharply, inflation expectations among the public has gone up.

"Must help growth by reducing inflation as per glide path," he further said.

-ANI

First published: 24 August 2015, 11:01 IST
 
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