Former Reserve Bank of India (RBI) governor Raghuram Rajan hopes finance minister will stick to fiscal fitness when he writes this year's Budget, the last full one before the Lok Sabha elections of 2019. We must have a structure where Aadhaar can and cannot be used," he said.Rajan said massive construction projects were not taking off in India. "India needed implementation of high-value infrastructure projects, which had been put on hold due to several bottlenecks," he said. On the rise of Indian stocks, he said it was part of the global phenomenon. He said there was a need to move beyond short-term movements and look at long-term trends.

Source: Economic Times January 24, 2018 09:33 UTC