Need to continue labour, product markets reforms for growth: RBI Guv

TIL Desk/Business/New Delhi/ There is a need to continue with labour and product market reforms to usher in inclusive and sustainable growth, Reserve Bank of India Governor Shaktikanta Das said on Wednesday.

In his address at the 48th National Management Convention of the All India Management Association (AIMA), he cited the need to deal with pandemic’s legacy and create conditions for future growth.

“Limiting the damage that the crisis inflicted was just the first step; our endeavour should be to ensure durable and sustainable growth in the post-pandemic future.

“Restoring durability of private consumption, which has remained historically the mainstay of aggregate demand, will be crucial going forward.

“More importantly, sustainable growth should entail building on macro fundamentals via medium term investments, sound financial systems and structural reforms,” he said.