Tag: Raghuram Rajan on GDP growth
‘We got lucky for 2 reasons’: Raghuram Rajan on why India’s GDP grew at 7.6% in Q2
[ad_1] Former RBI Governor Raghuram Rajan on Saturday responded to criticism that he faced after India recorded better-than-expected GDP growth of 7.6 per cent in the second quarter of FY 2023-24. In December last year, Rajan, during an informal chat with former Congress chief Rahul Gandhi, said that India would be lucky to achieve 5 per cent growth. However, India’s GDP growth numbers came in at 7.8 per cent in Q1 and 7.6 per cent in Q2. These numbers were way more than what Rajan had predicted. The economist faced some criticism for his “inaccurate” prediction for GDP growth. Also ... Read more