India doing well in infra, needs to do more to boost manufacturing: Raghuram Rajan

Rajan further said the government's focus on production, whether it is goods or services is a good thing, but it is also important to do it the right way

- 

India has done well in areas like infrastructure in the last 10 years, but it also needs to do more in other sectors to boost local manufacturing and job creation, former RBI Governor Raghuram Rajan said on Thursday.

Rajan further said the government's focus on production, whether it is goods or services is a good thing, but it is also important to do it the right way.

Responding to a question on the Modi government's flagship initiative 'Make in India', he said, "I would say the intention is good. I think in some areas, we have done a lot, as I said, in infrastructure...we have done a lot that has been very useful".

The Modi government's flagship initiative 'Make in India' was launched 10 years ago on September 25, 2014.

"But we need to check the other places. And the best way to check is to ask critics, what do you think? What has happened?

Has it happened the way you want it? Should we do more? You get feedback, and then you work along," Rajan said.

The eminent economist also pitched for more ease of doing business, especially with regard to government policies and less fear of raids by inspectors or tax authorities, etc.