New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das has emphasized on increasing investment in infrastructure facilities to increase activities in the economy that is growing due to Coronavirus epidemic. Addressing the industry at a program of the Confederation of Indian Industry (CII), the RBI governor said that both the public and private sector will have to play an important role in the development of the infrastructure sector.
The RBI governor said that new opportunities have been created in this sector due to the recent reforms in agriculture. He said that the agriculture sector is becoming a center of attraction. He said that India needs such policies so that the income of the agriculture sector is constantly increasing. Regarding the foreign exchange rate, Das has said that there is no fixed target of the Reserve Bank for this, but whenever there will be an unnecessary increase in it, the Reserve Bank will keep an eye on it.
RBI Governor Shaktikanta Das further said that according to the World Bank's 2020 report, a 1% increase in GVC (Global Value Chains) partnership could increase the country's per capita income level by more than 1%.
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