Former Reserve Bank of India (RBI) Governor Raghuram Rajan predicted that the year 2023 will be challenging for both the Indian and global economies after saying that the nation had failed to “create changes” necessary for expansion. This was after joining the Bharat Jodo Yatra.
When asked about the Congress leader’s public political persona, Raghuram Rajan responded that Rahul Gandhi is not a “pappu” (fool) and is a “smart man.”
“I think the image is unfortunate. I have spent close to a decade interacting with them on many fronts. He (Rahul Gandhi]) is in no way a pappu… He is a smart, young, curious man,” Rajan, who had joined the Wayanad MP during the Congress’s ‘Bharat Jodo Yatra’ in Rajasthan in December said on the sidelines of the World Economic Forum (WEF) in Davos.
“I think it is important to have a good sense of what the priorities are, the basic risks and the ability to evaluate them. I think Rahul Gandhi is perfectly capable of doing that.”
He added that regulations should be created with the lower middle class in mind, as they were the group that was most negatively impacted by the coronavirus pandemic. Rajan also advocated for fostering a climate that is favourable for small and medium-sized businesses and supporting a “green revolution” in the area of renewable energy.
The former RBI governor stated on Wednesday that it is premature to assume that India will displace China as a factor in driving global economic growth. However, given that India already has the fifth-largest economy in the world, is expanding, and has the capacity to continue doing so, the scenario may alter in the future.
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