Economy is showing signs of a pick up, Raghuram Rajan says

MUMBAI(Agency) : The Indian economy is shown signs of improvement, the governor of the Reserve Bank of India said on Thursday, adding that a pick up in rural demand would further improve economic growth."You may see rural demand coming back more strongly, and that would be a very tremedous bonus to the



economy compared to we are," Raghuram Rajan said at an industry event.Rajan said separately that the devaluation of the Chinese yuan was not something to be "concerned" about at current levels. He added, however, that global central banks depreciating currencies as a policy action was a worrisome trend.