Hoover Institution fellow Raghuram Rajan talks about how India needs to move towards a more job-creating economy, all the growth will go for nothing if India does not create good jobs.

The opening shot of “Mother India,” the most iconic film made in India in the decade after its independence, is of an old peasant woman struggling to grow crops on parched land. Behind her are rumbling tractors and earth movers, unsubtle symbols of progress. Then the camera pans past electric cables and newly metaled roads to a magnificent dam, which will bring water to the arid earth. 

Former RBI Governor Raghuram Rajan has cautioned that transfer of excess reserve to the government may bring down rating of the central bank.

Demonetisation slowed down India's economic growth at a time when the world economy was growing and it impacted the GDP significantly, former RBI Governor Raghuram Rajan said. Rajan said he has seen studies which reaffirm that banning of high value currency notes in late 2016 impacted India's growth significantly.