......“The Reserve Bank of India intends to play its part in making this happen,” he assured. Addressing a gathering of bankers at the annual banking conference Bancon 2013 here, Rajan warned against the rising noise of protection and subsidies for domestic manufacturers in policy corridors. “Our industrial sector is no longer an infant that needs to be molly-coddled,” he added. He said India should not enter into free-trade agreements that give foreign manufacturers undue advantage and that is no reason for the Government to give domestic manufacturers protection. “Our measure of success should be the jobs that are created...,” he said.......
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