Raghuram Rajan News

Raghuram Rajan, former Reserve Bank of India governor, have raised concerns about the country’s strategy for economic growth, emphasising the urgent need for investment in education and human capital development.

Reserve Bank of India (RBI) governors have, in the past, acted according to the prevailing economic conditions and the monetary policy objectives in their first policy review. Y V Reddy and Duvvuri Subbarao had kept policy rates unchanged in their first policy review, while Urjit Patel and Shaktikanta Das had reduced rates in their first policy actions.

Shaktikanta Das, another finance ministry bureaucrat has been appointed as the governor of the Reserve Bank of India (RBI). Revenue Secretary Sanjay Malhotra will replace Das. Economists were speculating over the future of Das in the wake of data showing the South Asian economy expanded 5.4% from July to September, a seven-quarter low and far below the Reserve Bank of India’s 7% projection, Bloomberg reported. When Shaktikanta Das joined the central bank six years ago, he had waded into a government-RBI rift. A deft bureaucrat like his predecessors Duvvuri Subbarao and YV Reddy, Das had a tough job: to clean the mess left by high-profile economists Raghuram Rajan and Urjit Patel whose tenure at the helm of the RBI was marked by spats with the government, erosion of confidence and high uncertainty. Now, when expectations for a rate cut have spiked after a long rate pause and the GDP dip, Malhotra will be heading the Monetary Policy Committee (MPC) when it considers a rate cut in its February meeting.

Economic Survey for September and said that inflation expectations in India are softening, indicating reduced inflationary concerns. The report said that both household and business surveys by the Reserve Bank of India (RBI) and the Indian Institute of Management, Ahmedabad (IIM-A) suggest a stable demand environment, despite the impact of price fluctuations in key food items on headline inflation. «The headline inflation rate, influenced as it is by a few food items, may not be the most accurate gauge of underlying demand,» the government said.

Raghuram Rajan, former Reserve Bank of India (RBI) Governor, has cautioned against excluding food prices from inflation calculations. As inflation remains a key concern for the central bank, Rajan's stance is that removing food inflation from headline inflation targets could erode public's 'great faith' in the central bank's ability to manage the broader economic picture. «So, if you leave out some of the most important parts of inflation and tell them, inflation is under control, but food prices are going through the roof… they would not have great faith in the Reserve Bank,» Rajan told PTI in an inerview. Food prices have always played a significant role in shaping India's inflation picture. The current consumer price inflation (CPI) basket assigns a weight of 46% to food, a figure that many argue needs to be revisited as consumption patterns evolve. Nevertheless, Rajan maintains that food prices cannot be dismissed, as they constitute a significant portion of household spending and influence how the general public perceives inflation.

Raghuram Rajan said on Thursday. In an interview with PTI, Rajan further said the government's focus on production, whether it is goods or services is a good thing, but it is also important to do it the right way. Responding to a question on the Modi government's flagship initiative 'Make in India', he said, «I would say the intention is good. I think in some areas, we have done a lot, as I said, in infrastructure...we have done a lot that has been very useful». The Modi government's flagship initiative 'Make in India' was launched 10 years ago on September 25, 2014.

₹48,000 crore to J.C. Flowers Asset Reconstruction Pvt. Ltd in December 2022 for ₹11,183 crore.

RBI) Governor Raghuram Rajan has cautioned investors against fake videos of him circulating on social media, giving investment tips, especially on individual stocks. «I understand there are videos of me on various social media purporting to give advice on investing, especially in individual stocks. These are fake and the perpetrators should be reported to the relevant authorities. I do not give investment advice to the public, and have never touted individual stocks,» Rajan said.

economic policy trajectory whether Prime Minister Narendra Modi wins a third term in office or not, former central bank Governor Raghuram Rajan said. “There is a lot of continuity built into Indian policy," Rajan said in an interview Tuesday with Bloomberg TV’s David Ingles.

Raghuram Rajan said, adding that it is important for the country to enhance its human capital and skillsets, PTI reported. Speaking at a conference titled "Making India an Advanced Economy by 2047: What Will it Take" at George Washington University in the United States, Rajan expressed concern over India's current growth rate. "I think we are in the midst of it (demographic dividend), but the problem is we are not reaping the benefits," he stated.

Mint takes a look at how the health of Indian banks has improved over the years. Data from the RBI showed that in FY14 — the fiscal year preceding the start of the NDA government’s first term — the gross non-performing asset (NPA) ratio was at 3.8%. The bad-loan crisis peaked in FY18, when 11.2% of loans had soured.

Post 1991 reforms, stifling micro-regulation and directed credit gave way to allowing banks more freedom, deregulating interest rates, allowing greater, though limited, freedom in the forex market, issuing licences to private banks, and, more recently, presiding over the digitisation of financial transactions and entry of fintechs. From the time when it was derisively referred to as no more than a section of the finance ministry-BK Nehru, India's ambassador to the US in the 1960s, reportedly turned down the post of RBI governor, saying the bank lacked independence — to more recent times, when sitting and former finance secretaries to GOI vie for the job, RBI has come a long way.

RBI governor Raghuram Rajan on Friday said India needs to focus more on education and healthcare to become a developed economy by 2047. He highlighted the fact that India has maintained an average growth rate of six per cent over the past 25 years, which is no easy feat for any country. Rajan emphasised the need for governance reforms, as well as a focus on education and healthcare, to build a strong foundation.

Emerging-market authorities must take action to protect their economies against spillovers from “populist and extreme" macroeconomic policies in the industrialized world, former Reserve Bank of India (RBI) governor Raghuram Rajan said in an interview about his new book. This means building buffers like foreign-exchange reserves. Edited excerpts: Monetary policy is a blunt tool, as many have recognized.

electronics manufacturing sector is set to grow 15 per cent to be worth USD 115 billion in 2024, with players continuing to focus more on higher levels of value addition in terms of components and development of products. The production of mobile phones, the poster boy of the country's electronics manufacturing, is expected to surpass USD 50 billion by March 2024 from around USD 42 billion in the previous financial year.

RBI) Governor Raghuram Rajan opened up about his tenure's financial aspects, disclosing his annual salary and other perks. Rajan, who led the RBI from 2013 to 2016, emphasised that the most significant benefit of the role was not the monetary compensation but the privilege of residing in a spacious house near Dhirubhai Ambani's residence on Malabar Hill in Mumbai. «I don’t know what the current salary is, but in my time it used to be Rs 4 lakh a year. The biggest perk is the house. You get a really big house, a few blocks away from Dhirubhai Ambani’s house in Mumbai on Malabar Hill,» Rajan stated during the podcast.

Mint looks into the details and implications. As per markets regulator Securities and Exchange Board of India, AIFs are privately pooled investment vehicles comprising funds from sophisticated investors. RBI’s new regulation is an example of collaboration between Sebi and the central bank.

economic conflicts, such as worker strikes, have been on the wane, the vicious circle of low employability, leading to few jobs, mass unemployment and frustration, is now showing up in new forms of social conflict,” former RBI governor Raghuram Rajan and economist Rohit Lamba write in their new book Breaking The Mould. They cite the conflict over reservations in Manipur and the substance abuse problem among Punjab’s youth as examples of how these frustrations are being channelled.

Raghuram Rajan, former Governor of the Reserve Bank of India (RBI), said 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% 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.

Raghuram Rajan said India will still remain a lower middle country if the growth rate remains at 6 per cent annually without any rise in population by 2047 (Amrit Kaal) and will be reaching the end of the demographic dividend by then. 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.