Sounding optimistic about the economy bouncing back in the coming months, former RBI Governor C Rangarajan today said the economy (rpt) economy needs to "pick up very fast" to be able to maintain a healthy annual growth.
The government needs to take quick measures to push the growth, he said.
"In some ways, one can say the economy has bottomed out.
Because, for two quarters it has remained at 5.7 per cent.
"Therefore, the glitches of GST may be over. Some of the effects of demonetisation would also be neutralised with the new currency coming in. Therefore, it could pick up. But, it needs to pick up very fast," Rangarajan told
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