India's growth rate will pick up soon: RBI Governor Rajan

May 06, 2014 09:45

Reserve Bank of India Governor Raghuram Rajan has expressed optimism on India's growth rate going beyond the 5 per cent mark soon. "The economy has been growing at a flat rate of 5 per cent and hopefully we will see it picking up in the near future," he told PTI on the sidelines of a special talk at Oxford University yesterday.

Rajan also reiterated his view on the growth rate being inextricably linked with curbing inflation. "I have always stressed that stimulating growth and controlling inflation are not opposed to each other. Inflation is what is standing in the way of India's growth," he added.

Rajan was addressing student members of the Oxford Union Society on his way to Switzerland, where he has meetings planned with the Bank for International Settlements on May 11 and 12.

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