‘RBI must introspect role in slowdown’

The Reserve Bank of India (RBI) should introspect on whether it had any role to play in the economic growth falling to 7.2% this year, Railways Minister Piyush Goyal said on Friday.

“Together, if we (public and private sector) work as partners, to my mind, the double-digit growth that this country is eagerly waiting for, is right at our doorstep irrespective of whatever the Reserve Bank may say,” he said while addressing a CII meet.

“I think, to some extent, the RBI will have to introspect whether they had any role to play in the economy going down to a potential 7.2% this year, instead of 7.4% or 7.6%, or why we couldn’t achieve double-digit [growth] faster. I think every organisation will have to introspect how much contribution they have made to the woes of the country today,” he said.