Investment, savings rate slowdown a concern: Rangarajan

The slowdown in investment and savings rate in India is a concern, said Dr C Rangarajan, chairman of the Prime Minister's Economic Advisory Council. Proposing a three-step strategy to improve investment in the economy, he said completing the government's investment programme, reviving private investor sentiment, and removing hurdles, such as the Land Acquisition Bill and environmental clearance, in private sector investment could tackle the fall in investment rates.