Mumbai, August 2013: The appointment of Mr. Raghuram Rajan as the Governor of the Reserve Bank of India has come at the most appropriate time. Considered the right man for the job, Mr. Rajan is well known and respected for his extensive experience and deep knowledge of India’s economic functioning as well as the global economy at large. The spotlight is now on his visionary outlook towards giving an impetus to the present Economic crunch plaguing every Indian.
The industry has penned its hopes on his appointment, trusting he will be able to implement proactive policies which will improve the sluggish growth in the manufacturing sector along with achieving the GDP growth as estimated in the 12th year plan, commented Mr. Vijay Kalantri President of AIAI and Vice President of WTC, Mumbai. Mr. Kalantri further expressed his belief in Mr. Raghuram Rajan, claiming that he will be able to bring back the vibrancy in the SME sector which has been taking a toll due to the recessionary trend in the economy.
Stating his expectations on the appointment of Mr. Rajan, Mr. Vijay Kalantri, Vice President World Trade Centre (WTC), Mumbai and President, All India Association of Industries (AIAI) said, "Controlling the fall in the capital markets, stabilizing the vitality of the rupee, monitoring tightening and creating investor’s confidence should be the priority on the Governor’s agenda."
About AIAI: The All India Association of Industries (AIAI) is a non-political, non-governmental, not for profit industry interface to cater to the industrial growth in the commercial capital of India, Mumbai with a mandate to enhance industrial growth and integrate commerce, government and academia on a single platform. The AIAI has over 1400 members and through its affiliates it represents over 30,000 industries. Nearly 70 percent of its members are from the SME sector.
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