Discover and read the best of Twitter Threads about #RAGHURAMRAJAN

Most recents (7)

Finally #RaghuramRajan has given his view on top 3 American Banks.

A thread

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1 Tyra Banks : Model, TV personality

Net worth : 90 million

Financial stability : Stable. Never married but leads a healthy life. Some controversies but well within industry standard.

Credit rating : AAA+

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Jonathan Banks : Actor, writer

Net worth : 5 million

Financial stability : Very Stable. Married for 33 years, leads a healthy, active life. No controversies.

Credit rating : AAA

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Read 4 tweets
Raghuram Rajan is back! And I must say that he has remarkable ability to stay in the headlines. A couple of months ago, he was seen walking with India's "forever future PM" Rahul Gandhi, thereby openly displaying his loyalty to the Congress.
#RaghuramRajan
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According to him, India is dangerously close to what he calls the "Hindu rate of growth". This is a term coined by late Indian economist Raj Krishna to refer to the slow growth rate of India during 1950-1980. Why don't you call it the "Nehruvian rate of growth" Mr. Rajan?
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Why bring back a term that is outdated and is irrelevant? And how are Hindus to blame for the inefficiency of Congress? Further, the growth rate during that period was below 4%, whereas we are growing at around 7% now, and is the fastest growing major economy in the world.
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Read 4 tweets
The world cannot afford India to grow its industries due their environmental impact says #RaghuramRajan. Nonsense !

India's environmental impact is a tiny fraction of US and Middle East. Studies show that if every human lived as an Indian we would need 0.8 Earths . How many

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Earths would we need if all humans lived as an American ? Answer = 5.1
As an Emirati ? 5.2
As a Canadian ? 5.4
As a Chinese ? 2.4

Hinduism has deep reverence for nature which is reflected in these numbers. Bharat will find the right industrial balance in its 🕉️ roots not

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by trying to supply cheap clerical labour to the rest of the world through service centres/call centres as Mr Rajan wants

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Links to data 👇

overshootday.org/how-many-earth….
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This thread is in response to an ex economic advisor who gets all his data from taxi drivers, ex RBI gov who failed miserably & ex FM who successfully did farming worth crores in his kitchen garden, all claiming India is going Sri Lanka way.

Let us review key parameters…1/12
of Bharat’s economic health during times of double global crisis of Pandemic & War!

Inflation: At 7%, Bharat is much better than the west. US at 9.1% and UK at 8.6% have their highest inflation in last 4 decades while India is much lower than the double digit inflation…2/12
during UPA regime. Global factors like rise in global commodity prices, oil price & supply chain issues r main reasons for rise in inflation globally. Another key reason was most nations, especially west, splurged in the name of stimulus packages during pandemic leading to…3/12
Read 12 tweets
The one big argument most of my family #Modifans and #Bhakts advanced ever since 2014 was that the system was rotten to the core under UPA-2 and that Mr Clean, #56inches would sweep things up and introduce #RealReforms.
When #LalitModi/#VijayMallya/#NiravModi/#MehulChoksi fled with vast sums missing, the banking mess was blamed on UPA-2 excesss, the clean up a)would bring out more dirt; b)take a bit longer - that was the story. When #RaghuramRajan quit, he was held to blame for part of the mess.
Urjit Patel was made @RBI governor and #ViralAcharya was brought in from US academia as Dy Gov. One after the other, these 2 economists also saw that ModiSarkar was all bluster and bluff, all spin and little substance, they too walked. Now, they have spilled the beans.
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1. As the daily hysteria about the decline of Indian economic growth continues , I'll share few unorthodox theories and interesting data trends about everything economic development and...
theprint.in/national-inter…
2...and some of the many fixes—some straightforward and obvious to everyone and some not so much—India can pull to prevent going down the road of low growth rates and start imitating the growth pattern of China, South Korea and Taiwan. #indianeconomy #economicdevelopment #india
3. Most economists earn their living working in sectors that are free of market forces and end user criticism. So time to time we have to dunk on the economists worldwide for being so inept at what they do and for making the subject crude, out-of-touch with reality and...
Read 139 tweets

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