Raghuram Rajan Delivered the Mahtab Memorial Lecture in Bhubaneswar, Raghuram Rajan RBI Governor has said that India should restrain itself from being "too ambitious" at a time when the world is full of uncertainties and instead focus on sensible policies to ensure a sustainable economic growth.
He added "Given great uncertainty about outlook and policies of others in these times, a country like India should try to take sensible measures without getting too ambitious, as we have done so far".
The Indian government is working tough to make GDP growth to double Its digit, current GDP is 7.5 per cent. It has, however, adhered to key targets like the fiscal deficit number and also made inflation-targeting a key objective for the central bank.
Rajan said, As such a goal will take years, an emerging country like India should focus on macro-stabilisation, building buffers and reducing vulnerabilities.