Below are a few parts of his speech quoted by the Times of India.
Speaking at a seminar organized here by think-tank ‘Gateway House’ in Mumbai on Monday, Rajan said, “We need to make our tax regime more investor friendly. Let’s make taxation more transparent, more predictable. Let’s do all the things necessary to allow our businesses to create what is needed.”
Rajan, who had earlier pushed for a more domestic focus on manufacturing and suggested ‘Make for India’ as an alternative to ‘Make in India’, said that predictable taxation would help achieve the government’s objective of ‘Make in India’. “Let’s make in India, but for that we need to create the framework. Let’s make the business easier.”