Sat, Jan 23, 2016, 06:31 AM
Speaking at Davos, RBI Governor Raghuram Rajan said what policymakers are concerned about is slowdown in China. He said that India is in the process of recovery and limits of certain policies are worrying. Rajan said that the banks were given the powers to take action against loan defaulters. He expressed optimism of the Indian economy growing and believes that India will lead in years to come.