Raghuram Rajan
The numbers will likely get worse once there are estimates of the damage in the informal sector, Rajan said.
5 things we learnt from the conversation between Raghuram Rajan and Rahul Gandhi,
The former Prime Minister said the government’s apathy was affecting the aspirations and future of Indians.
“It was in Rajan’s time as Governor of the RBI that loans were given just based on phone calls from crony leaders," she said.
People in the authority, Rajan emphasised, have to tolerate criticism.
Gandhi said his party will fulfil the promise of minimum guaranteed income to the poor.
The former RBI governor said “a revamp” was needed “to really figure out what India’s true growth rate is”.
The former RBI governor said he believes that capitalism is breaking down because it is not providing equal opportunities.
The former RBI governor said Indian economy would continue to grow while growth rate is slowing down in China.
The growth was not only impacted due to demonetisation but also because of implementation of GST, Rajan said.