Indian economy on the mend, says Jalan

Outgoing governor of India's central bank, Bimal Jalan, believes that strong economic fundamentals will clear the way for a higher growth rate and ease the way to full convertibility of the rupee.

Source: Asia Pulse/PTI

The governor of India's central bank, the Reserve Bank of India (RBI), Bimal Jalan, has asserted that the Indian economy can be expected to achieve higher growth rate this fiscal year in the face of strong economic fundamentals and a good monsoon. He also said that, given the im