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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#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Why bring back a term that is outdated and is irrelevant?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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Rajan served as the RBI head for ten years during a period marked by policy paralysis, widespread corruption, and inefficiency under the Congress party's leadership. He failed as an economist then! Now he's desperately trying to cling on to the headlines.
#RaghuramRajan
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#RaghuramRajan
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