NEW DELHI: Former RBI Governor Raghuram Rajan today said reforms are likely to be put on the shelf till the next general elections but expressed hope that the country will move up to a “higher plane of growth” thereafter.
Rajan also raised concerns about employment generation, saying India’s 7.5 per cent growth will not be able create good jobs for the 12 million people coming into the labour market every year.
The next general elections are scheduled in early 2019.
“I think to some extent, reforms will be put on the shelf till the next election. But post-election, if we can accelerate this pace of reform, there’s no reason why in two or three years we couldn’t move up to a higher plane of growth,” he said in an interview to CNBC. (AGENCIES)
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