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At the heart of Rajan’s concerns is the ongoing battle between the White House and universities — one that initially centered on elite schools such as Harvard University and Columbia University over antisemitism — but that’s morphed into a larger attack over the role of US higher education.
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Every state must expand jobs wherever they can because that will give confidence to consumption, Rajan said
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Speaking on Indian economy, Rajan said it is a little worrisome that there is so much dependence on government spending when the private investment is weak
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Rajan further said it is best that inflation target a basket which is what the consumer consumes because that affects the consumers perception of inflation and ultimately inflationary expectations.
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Rajan was asked whether the Indian economy, which is growing at 7 per cent, is creating enough jobs.
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Raghuram Rajan also underscored the importance of job creation, particularly through the development of skills and called for greater collaboration between industry and training institutions to ensure that people have the skills needed to be employable.
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Raghuram Rajan, who served as the 23rd Governor of the Reserve Bank of India, reiterated that he does not provide public investment advice, particularly on specific stocks.
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India’s six-week elections comes to end on June 1, with results expected on June 4.
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DPIIT secretary Rajesh Kumar Singh said critics are losing sight of the fact that the aim of the PLI scheme is to ensure strategic autonomy and reduce dependence on insecure supply chains.
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Finance Minister Nirmala Sitharaman said India needs to have greater sophistication in product making and assess how best the sector can be given policy support, adding that expanding manufacturing will also help the country achieve its goal of being a self-reliant economy.
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The former RBI governor also said there needs to be a thorough examination to identify groups who have not benefited from the growth of economy
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The former RBI governor also said that the country needs to focus on creating more jobs and improving human capital and their skill sets
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While the former central bank governor clarified that it is not that India should never make chips, "but with every nation trying to pursue the same, it would be a "ruinous race" to get into now."
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BJP leaders alleged that the reduced tax share for Karnataka from 4.13% to 3.79% was suggested by former RBI governor Raghuram Rajan.
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Writing on LinkedIn on Friday, Raghuram Rajan said that he had not held any discussions about taking up a seat in the Rajya Sabha and did not look at himself as a politician.
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Arvind Subramanian expressed concern about the migration of high-end talent to other states due to what he termed as an unattractive social infrastructure.
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Despite the rising labour cost, Tamil Nadu has been able to achieve manufacturing investment owing to its skilled workforce, the economists said
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Speaking on the Raj Shamani's "Figuring Out" podcast, Raghuram Rajan said that the biggest perk of being the RBI governor was he got to live in a big house that was close to Dhirubhai Ambani's residence.
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From 2013 to 2018, Rajan “predicted” doom for the global economy at the rough rate of once a year. In 2015, he predicted a 1930s-style Great Depression. None of these came true. Perhaps his luck ran out
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Former RBI governor Raghuram Rajan studied electrical engineering at IIT-Delhi from 1981 to 1985 and headed the student council.
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For a country that never dreamt of truly becoming a developed nation, it is understandable why some fail to grasp the scale of transformation happening in India, today. Statistics show the fortunes of Indians are changing for the better and changing fast
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Speaking at an interactive session on a book co-authored by him at the Indian School of Business (ISB) in Hyderabad, he asked how the country can become a developed one when malnutrition is prevalent.
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The former RBI governor shared his experiences in the field of economics with the chief minister. He also made some valuable suggestions to improve the economic situation of the state.
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Raghuram Rajan warns India of remaining a lower-middle-income country if annual growth stays at 6%, reaching the end of demographic dividend by 2047.
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Speaking at a programme organised by Manthan here, the economist said if the country does not grow faster, it will grow older (demographically) before it gets richer, which means there is the burden of an aging population to deal with also at that point.
