India can be far more successful and far more influential than it is today, according to Raghuram Rajan, Governor, Reserve Bank of India (RBI). Rajan said this while delivering his key note address at the fourth C K Prahalad Memorial Lecture organised by Ananta Aspen Centre and the Confederation of Indian Industry (CII) in Mumbai. Rajan further mentioned that in the difficult times, environment for growth has to be achieved in the right way by working hard towards recovery and aiming at sustainable growth.  While the monetary policy will be accommodative there is room to expand sustainable growth potential. By continuing with reforms that the government and regulators have announced a sustainable growth potential can be achieved.

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