Mon. Nov 11th, 2019

Raghuram Rajan: Economic Downturn Pushed Country Back 15 Years

Raghuram Rajan, the former Reserve Bank Governor has described the slowdown in the economy is happening after a long time. Addressing the program on ‘Perspective: Gandhi at 150’ organized by the National Students and Alumni Association at the King’s College, London, he stated that unemployment in a number of areas of India is one of the facts.

The former RBI governor stressed the continuous improvement of land, labor force and logistics and stated that we have not been serious about it. He criticized the approach of the present government as centralized, autocratic and stated that it supports the majority. Rajan stated in a complaining manner that the path is not working properly for the minorities.