Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

India Needs to Focus on Funding Current-Account Gap, Rajan Says

March 5 (Bloomberg) -- Raghuram Rajan, chief economic adviser in India’s Finance Ministry, spoke to reporters about the nation’s economy in Pune today.

On the current-account deficit:

“You have to focus more on financing the current-account deficit because reducing it will take time. The best way is to increase exports relative to imports. The problem is, that is also dependent on growth in foreign countries.

‘‘My sense is the world economy will over the year start strengthening, so long as there are no surprises from Europe. We are seeing signs that things are stabilizing on the export front.’’

On economic growth bottoming out:

‘‘Some of the signs suggest it may have, but you can’t be sure.’’

On food inflation:

‘‘Milk inflation has come down relative to the past because milk production has been strong. But cereal inflation has taken off. The rabi crop looks like it’s going to be good. That might bring down cereal prices.’’

To contact the reporters on this story: Anoop Agrawal in Mumbai at; Tushar Dhara in New Delhi at;

To contact the editor responsible for this story: Stephanie Phang at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.