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Sitharaman said that the Modi government has worked for everybody and the Indian economy was growing at a fast pace amid the current global scenario.
Speaking at an event in Beijing, Rajan said that while India’s 6-6.5 per cent growth rate is commendable compared to other nations, it falls short of addressing its critical need for creating jobs.
India's economy has been a recent success story, but the growing conflict in the Middle East has raised geopolitical concerns about stable prices and oil supply.
Unlike the export-oriented economies of East and Southeast Asia or investment-driven China, it is domestic consumption that has powered India’s growth.
Does the consumption of rural labourers really matter? Or can the economy do perfectly well even without them?