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During his OP Jindal lecture at Brown University, Former RBI governor Raghuram Rajan talked about how the Indian economy has been swinging from crisis to crisis due to sector stress, the disorganised financial sector, worrying fiscal deficit figures and a combination of other factors. He also criticised the Modi government's centralised and populist decision-making which has not only failed to deliver on economic reforms and revitalise growth, but also poses a threat to Indian democracy and liberalisation.
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Негізгі бет Majoritarian helps win elections but will send India down a dark, uncertain path: Raghuram Rajan
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