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In an address at the Northwestern University's Kellogg Business School, former Reserve Bank of India (RBI) Governor Raghuram Rajan offered a sobering analysis of India's growth story, challenging the prevailing narrative of robust economic expansion.

Raghuram Rajan challenges India's growth narrative

May 1, 2024, 12:02 PM - 2 min read

According to Rajan, if one were to strip away the "fluff" from India's growth numbers, the actual rate could be hovering around 6-6.5%, notably lower than the widely touted 8-8.5% range.

Economists point to a lack of steady and sustainable policies from New Delhi as a primary deterrent, unsettling prospective investors.

India's policy shifts deter Investors: warns economists Rajan and Bhalla

April 18, 2024, 06:21 PM - 2 min read

"Businesses are worried about the government changing the terms on them, about them privileging the tax authority to raise demands all the time. Eventually, these demands get thrown out of courts, but it is five or ten years of uncertainty," Rajan said.

In an address at the George Washington University, Economist and former RBI Governor, Raghuram Rajan pointed India’s concerns over it’s failure to fully harness its demographic dividend.

Raghuram Rajan warns of job crisis: India's demographic dividend underutilized

April 17, 2024, 01:22 PM - 2 min read

Comparing India’s situation to that of China and Korea during their demographic dividend phases, Rajan noted a significant disparity, “We are falling short of where China and Korea were when they reaped their dividends. This discrepancy is concerning”

In a recent interview with Bloomberg, former Reserve Bank of India (RBI) Governor Raghuram Rajan delivered a sobering assessment of India's economic trajectory, cautioning against the prevailing "hype" surrounding the nation's robust growth.

Greatest mistake India can make is to believe hype around its growth: Former RBI Guv Raghuram Rajan

March 27, 2024, 09:48 PM - 2 min read

"We’ve got many more years of hard work to do to ensure the hype is real," Rajan remarked, cautioning against political narratives that propagate premature notions of India's arrival on the global economic stage. He stressed that succumbing to such beliefs would be a "serious mistake," highlighting the enduring significance of addressing fundamental structural deficiencies.

Raghuram Rajan challenges India's growth narrative

India's policy shifts deter Investors: warns economists Rajan and Bhalla

Raghuram Rajan warns of job crisis: India's demographic dividend underutilized

Greatest mistake India can make is to believe hype around its growth: Former RBI Guv Raghuram Rajan

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