Autonomy Of Institutions Key For Investor Sentiment, Says Raghuram Rajan

Former Reserve Bank of India governor, Raghuram Rajan, today said given the nation's growth spurt, there should be no perception of interference in the country's leading institutions as it could affect both foreign and domestic investment. "Not just foreign investors, but for the domestic investor to have confidence, there has to be a sense that the rule of the law will be upheld, that the tax authorities will behave appropriately... India is in a great spot for growth, so we should be protecting institutions because we will need them," Mr Rajan told NDTV's Prannoy Roy.