'Land, labour, agri law reforms needed for growth'

THE Reserve Bank Governor Shaktikanta Das on Thursday said the country's growth story remains intact with consumption and investment demand growing in tandem, and emphasised that past reforms need to be augmented by reforms in land, labour and agricultural markets.

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He also sounded sanguine about the economy growing at the projected 7.2% this fiscal and that the Q1 poor show does not mean the central bank's growth forecast is "out of place". Addressing the national banking conference organized by the industry lobbies Ficci and IBA here Thursday, the governor also asked financial institutions to create tailored products to suit businesses promoted by women and small businesses without diluting underwriting standards.