Results for: Raghuram Rajan

Former IMF chief economist and ex-RBI governor Raghuram Rajan has called on global central banks to increase their intervention thresholds, citing concerns about financial sector leverage and potential instability. His advice follows Jerome Powell’s recent speech at Jackson Hole, where the Fed Chair hinted at potential interest rate cuts. Rajan acknowledges the Fed’s success in curbing inflation but warns of risks associated with rising inflation in services and housing. He emphasizes the need for central banks to be more proactive in preventing financial crises, comparing it to managing forest fires where small interventions can prevent larger disasters.

Raghuram Rajan, former Reserve Bank of India Governor, has refuted rumors of joining politics amidst the upcoming Lok Sabha Elections 2024. In an exclusive interview, Rajan emphasized his commitment to academic pursuits and assisting from the sidelines rather than pursuing an active political role.

Former RBI Governor Raghuram Rajan has clarified his previous comments on manufacturing in India, stating that he is not against manufacturing itself but remains concerned about the government’s use of subsidies and tariffs in a non-transparent manner. Rajan expressed support for domestic defense production and job creation in manufacturing, but raised concerns about policies that have allowed labor-intensive manufacturing to decline while subsidizing areas like chip manufacturing, where India lacks expertise. He questioned the effectiveness of subsidizing old-generation chip production and emphasized the need for transparency in government policies.