Rajiv Kumar Says Private Investment Is Key to Double-Digit Growth

Rajiv Kumar says India needs businesses to invest more if the economy is to grow faster.

He believes companies are more likely to invest when rules are easier to manage and policies are predictable.

He also says the central and state governments should work together more closely.

Kumar warned that higher interest rates could make people spend less.

They could also make businesses more cautious about investing.

Smaller businesses may feel this pressure too.