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In the News

Raghuram Rajan Joins Chorus Of Opposition Against Government's Overseas Debt Plan

quoting Raghuram Rajanvia Money Control
Tuesday, July 16, 2019

The ex-RBI chair questioned the government’s argument that raising part of its gross borrowing from overseas markets would ensure enough domestic credit for the private sector.

In the News

Modi Govt’s Plan To Sell Foreign Bonds Has No Real Benefit, Says Raghuram Rajan

quoting Raghuram Rajanvia The Print
Saturday, July 13, 2019

Raghuram Rajan said that global bond sale won’t reduce the amount of domestic government bonds the local market has to absorb.

In the News

India's Overseas Debt Plan Has Limited Benefit And Many Risks: Raghuram Rajan

quoting Raghuram Rajanvia The Wire
Sunday, July 14, 2019

He said the argument that foreign borrowing would be cheaper because dollar interest rates are lower than rupee interest rates is “bogus”.

Featured

How Good Or Bad Is The Budget Decision To Issue Foreign Currency Debt?

by Raghuram Rajanvia Economic Times (India)
Saturday, July 13, 2019

India wants to internationalise rupee eventually – to make it a currency other countries will use. 

In the News

Worthless Paper: We Don’t Need No Degree!

quoting Michael Spencevia Deccan Herald
Thursday, July 11, 2019

If one rummages through economic theories, one finds three powerful ideas that show why education is important for society. Firstly, education ‘converts’ humans into human capital. This makes us productive and creative.

Interviews

Raghuram Rajan: How Markets And The State Betray Communities

interview with Raghuram Rajanvia The Wharton School of the University of Pennsylvania
Tuesday, July 9, 2019

Hoover Institution fellow Raghuram Rajan talks about his new book, as well as India, China, and a host of other topics.

Featured

Budget 2019 Needs To Have A Holistic View On Where Education In India Needs To Go

by Chirantan Chatterjee, Eric Hanushekvia The Indian Express
Wednesday, July 3, 2019

With the new Indian government shortly coming up with its first full federal budget and with education sector outlays being actively discussed, it is time to take a broader, holistic view of where Indian education needs to go. Rabindranath Tagore, who was the first non-European and Indian to win the Nobel Prize in literature in 1913, once noted, “Don’t limit a child to your own learning, for he was born in another time”. 

In the News

The Third Pillar Explores How Community Control And Solidarity Are Necessary Pillars In A Vibrant Society

featuring Raghuram Rajanvia International Examiner
Sunday, June 30, 2019

The Third Pillar: How Markets and the State Leave the Community Behind is three-part look at how modern nations and markets developed at the expense of community control and solidarity. Authored by Raghuram Rajan, currently a professor at the University of Chicago who grew up in India and headed the Reserve Bank of India from 2013-2016, The Third Pillar argues that national governments in many countries have grown so large that they have increasingly allocated resources and created policies without local input.

In the News

Raghuram Rajan In The Frame As UK Contemplates A Foreign Central Bank Boss

featuring Raghuram Rajanvia The Economic Times
Wednesday, June 12, 2019

Raghuram Rajan has delivered some uncomfortable economic truths in a career spanning the International Monetary Fund and powerful positions in his native India. The question is whether Brexit Britain is ready to hear them from another foreign Bank of England governor.

Analysis and Commentary

The Devil Is In The Device, Not The Platform

by Chirantan Chatterjee mentioning George P. Shultz, Condoleezza Rice, Joseph Nye, Niall Fergusonvia The Hill
Monday, June 10, 2019

With the buzz around 2020 U.S. elections building, and an election in another large democracy, India, just concluded, it is time for societies to place more of an emphasis on mobile phone regulation than they do on social media.

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