Raghuram Govind Rajan: The man who predicted the 2008 economic crisis - At 50, Rajan will also be among the youngest to occupy the high office at Mint Street in Mumbai, where he takes over from incumbent Duvvuri Subbarao on September 5....
Rajan said for four years—2012 to 2016—India was growing at a faster pace before it was hit by two major headwinds. “The two successive shocks of demonetisation and the GST had a serious impact on growth in India. Growth has fallen off interestingly at a time when growth...
“Demonetization I think was not a well-planned, well thought-out useful exercise. And I told the government that when the idea was first mooted. It seemed to me that people would find their way around,” Rajan said at the Harvard Kennedy School in Cambridge on Wednesday. The Indian govern...