Parachute Economics: Why claims that India’s growth is hyped are at odds with the evidence ...News

The former head of the Reserve Bank of India Raghuram Rajan is not wrong about the economy being a “work in progress.” But he overlooks PM Modi’s strategy of growing it to $30 trillion by 2047 Last week Raghuram Rajan, former governor of the Reserve Bank of India (RBI) and former International Monetary Fund (IMF) Chief Economist, renewed his criticism of the management of the Indian economy, cautioning against falling for what he believes to be “hype” about the country’s current growth trajectory. The context is India’s unexpected surge in economic growth for the third quarter of 2023. While most analysts expected

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