Site Contents
Hot Topics
Trend Chart
Banking Sectors

RBI Highlights Major Challenges Before Growth Story

Chandigarh: Reserve Bank of India Governor D Subbarao today highlighted major challenges, including raising farm productivity, infrastructure deficit, unemployment, financial inclusion and governance, which needed to be addressed to move up the "growth ladder".

"... for India to regain its growth momentum and indeed accelerate it further, we need to address several challenges that we need to move up the growth ladder," he said while delivering Haksar Memorial Lecture here today.

Underlining the need to step up farm production to meet shortages, he said it was necessary to launch the second green revolution and increase investment in rural infrastructure and supply chain.

"Even as its (farm sector) share may be small and declining, agriculture still accommodates 53 per cent of labour force. Besides, agriculture has very vital supply demand linkages with other sectors of economy," he noted.

Noting that unemployment was another biggest challenge to make growth inclusive, he said there was an enormous amount of unemployment and underemployment in rural sector, though the size and nature of problem remaining unclear.

First        1          Last
Yavum Health Care does not provide medical or any other health care advice, diagnosis or treatment.
   Loan Calculator
Trend Chart and Detailed Rates
Powered by Mortgage Rates