Addressing the Economic Club of New York, RBI chief Raghuram Rajan said that the expectations from the new government were ‘probably unrealistic’, but it has taken steps to create an environment for investment and is sensitive to the concerns of investors.
“This government came in with tremendous expectations and I think the kind of expectations were probably unrealistic for any government.” The government has “taken steps to create the environment for investment, which I think is important,” he said.
Rajan said that the perception of Modi as ‘Ronald Reagan on a white horse’ coming to slay anti-market sources was not appropriate.
Rajan’s remarks came as a response to questions pertaining to the Modi-led government’s completion of a year in office this month.
