India’s Problems Are Mainly Fiscal: Bhanu Baweja
  • Elizabeth George
  • Sep 11 2013

September 11: UBS Investments’ Bhanu Baweja says while it is positive that Raghuram Rajan has taken over at the RBI, India’s problems are not monetary but fiscal. Pointing to a lack of production, he stresses the need for government to prioritise large-scale manufacturing. “Government measures haven’t translated into business confidence,” he says, adding that he is skeptical of seeing more reforms before the elections.