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In the News

'Don't Exacerbate The Problems': Raghuram Rajan's Advice To Modi 2.0 On Economy

featuring Raghuram Rajanvia Business Today
Wednesday, May 29, 2019

Listing out his views on economic agendas for the new government, former RBI governor Raghuram Rajan has said the new dispensation needs to address the fiscal gap and revive agriculture, power and banking sectors. In his latest blog post, which was co-written with Abhijeet Banerjee, Rajan said both the Centre as well state governments should target to reduce fiscal deficit to FRBM (Fiscal Responsibility and Budget Management Act)-suggested 5 per cent by 2023. For this, there is a need to create better compliance and progressive taxation, he said. He also suggested that a Centre-state council modelled on the successful GST Council could be formed to ensure fiscal federalism.

In the News

When Growth Isn't Inclusive And Benefits Only A Section

quoting Raghuram Rajanvia Business Standard
Wednesday, May 29, 2019

Just ahead of the 2008 economic meltdown, when India was the flavour of the season at Davos, a top official of the erstwhile Planning Commission made a startling albeit roundabout admission: that the "inclusive growth" mantra of the time was not for the "aam aadmi" but for PLUs (people like us) and those in the higher strata.

In the News

The Promise And Peril Of Modi’s Triumph

quoting Tunku Varadarajanvia Wall Street Journal
Monday, May 27, 2019

[Subscription Required] Narendra Modi’s triumphant re-election as India’s prime minister may not have been a shock—ever since Indian forces retaliated in February against Pakistan-based attacks in Kashmir, the contest had been moving in his direction—but it does represent an important tipping point in Indian history, and therefore in world history.

In the News

Raghuram Rajan Lists Out Top Priorities For Modi 2.0

featuring Raghuram Rajanvia Money Control
Monday, May 27, 2019

Former Reserve Bank of India (RBI) Governor Raghuram Rajan has flagged key issues that the new government needs to tackle immediately. Prime Minister Narendra Modi and his Council of Ministers will take oath on May 30.

Analysis and Commentary

India Turns West But Away From Western Values

by Tunku Varadarajanvia The Wall Street Journal
Thursday, May 23, 2019

[Subscription Required] Aparadox is playing out in India. The country is abandoning Western values at a time when it is closer strategically to the West, and to the U.S. in particular, than it has ever been.

Analysis and Commentary

What Makes The Poll Worker Tick

by Chirantan Chatterjeevia The Telegraph
Friday, May 17, 2019

Be it the defiling of a statue of Ishwarchandra Vidyasagar, slapping leaders during campaigning or influencing votes within polling booths, the unsung but assiduous work of the Indian poll worker may be the central story of the 2019 general elections.

In the News

Communities And The Search For An Ideal Society

quoting Raghuram Rajanvia The Telegraph
Tuesday, May 7, 2019

After Arun Jaitley did not extend his term as governor of the Reserve Bank of India in 2016, Raghuram Rajan went back to his chair in Chicago and resumed teaching. He is a remarkably articulate economist; so it was quite a surprise that he was quiet for three years. And then came the 400-page book, The Third Pillar.


The World’s Next Big Growth Challenge

by Michael Spencevia Project Syndicate
Wednesday, May 1, 2019

The economic performance of lower-income developing countries will be crucial to reducing poverty further. Although these economies face significant headwinds, they could also seize important new growth opportunities – especially with the help of digital platforms.


Tunku Varadarajan: ISIS Attacks Peaceful Sri Lanka & What Is To Be Done?

interview with Tunku Varadarajanvia The John Batchelor Show
Tuesday, April 23, 2019

Hoover Institution fellow Tunku Varadarajan discusses his Wall Street Journal article "Behind the Easter Sunday Attacks in Sri Lanka."


Raghuram Rajan Interview: 'I Dispute RSS's Organisational Claim'

interview with Raghuram Rajanvia The Week
Saturday, April 6, 2019

Hoover Institution fellow Raghuram Rajan discusses his latest book, The Third Pillar: How Markets and the State Leave the Community Behind