Tag: Raghuram Rajan

[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

[ad_1] Raghuram Rajan, former Governor of the Reserve Bank of India, has claimed that India would reach the end of the demographic dividend by 2047 (Amrit Kaal) and still be classified as a lower middle-income country if the growth rate remains at 6% per annually without any population growth. Speaking at an event in Hyderabad, the former RBI governor said that if the nation does not grow fast economically, it will grow older demographically before it gets richer. The famous economist hinted towards the burden of an ageing population to deal with at that point. “If you do the math, ... Read more