India Economy

What They Said

| Updated on: Feb 16, 2013








People worried about declining growth are typically quite articulate…they have a platform to express their concerns. I have sympathy with that view and am not saying that it is an invalid criticism... but people who are hurt by inflation, a large majority of the poor, their voice is not heard. So, it is important for the Government, public institutions such as Reserve Bank, and graduating students to not only pay attention to what comes your way but go out of your way to find what is important in making decisions .”

RBI Governor D. Subbarao

The nature of service delivery through public expenditures will play an important role in human development index (HDI). There is a collapse of public expenditures in some of the tribal areas in India, which needs to be looked at… This is a very significant medical finding that high levels of malnutrition have been caused due to neglect of sanitation and hygiene .”

Rural Development Minister Jairam Ramesh

We expect the final guidelines to be out in the next couple of weeks or by next month. Entry of new banks will promote healthy competition... Credit growth has been sluggish so far but we should start seeing some improvement in credit demand early next fiscal .”

Punjab National Bank Chairman and Managing Director K.R. Kamath

We will transit from hydrocarbon presence which is coal, oil and natural gas over the next many decades into a fully renewable, sustainable future and the solar really will be at the heart of it .”

RIL Chairman Mukesh Ambani

We are banking on our distribution network for increasing the healthcare portfolio by nearly 50 per cent.

Tapan Singhel, Managing Director & CEO, Bajaj Allianz

We believe, India is at a point China was about 10 years ago at about three million cars a year. While the Chinese market is now close to about 20 million a year, India has immense potential for growth. Its growth will be at much faster pace than in China given the size of the economy, per capita income levels, and overall expectation of the automotive companies from all over the world .”

Shigeru Wakabayashi, Deputy Managing Director, Isuzu

IRDA is adequately empowered and has autonomy. However, the question is how you are going to use them or what you choose to do. The adequacy of intent and effort should match always .”

Outgoing IRDA Chairman J. Hari Narayan

For us, the central focus of the G-20 is charting a path to shared growth. The surest path to shared growth is through growing and rebalancing demand, which, of course, requires currencies to adjust .”

US Undersecretary of the Treasury for International Affairs Lael Brainard

Unless the Directorate-General of Civil Aviation (DGCA) is satisfied that the airline can provide safe and viable service, there is no question of renewing the licence… What the airline does with the banks is between them .”

Civil Aviation Minister Ajit Singh, on renewal of Kingfisher Airline’s licence

Published on February 16, 2013

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