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In the News

India Needs To Have A Good Oil Hedging Policy: Raghuram Rajan

featuring Raghuram Rajanvia Money Control
Wednesday, December 12, 2018

Rajan said the issue has been discussed in the past and it began with a strategic petroleum reserve, but beyond that there is a need to think about hedging oil prices especially when it comes to levels such as now.

Featured AnalysisAnalysis and Commentary

Democracy, Populism, And Polytheism: Islam In India

by Aishwary Kumarvia The Caravan
Tuesday, December 11, 2018

Extreme fascination with idols, statues, and names is widespread across South Asia and the ritualistic violence that accompanies such practices is neither modern nor singular to India, the region’s most doggedly democratic and unequivocally polytheistic country. In fact, until this past November, when the Indian Prime Minister Narendra Modi unveiled India’s colossal 182-meter high Statue of Unity, which now stands as the world’s highest monument to a revisionist history of nationalism, the record for height belonged to a more modest Buddhist statue in China, shorter than Modi’s populist gift to India by more than 100 feet.

In the News

"All Indians Should Be Concerned," Says Raghuram Rajan On RBI Crisis

quoting Raghuram Rajanvia NDTV
Monday, December 10, 2018

Urjit Patel took over from Raghuram Rajan in 2016, just two months before Prime Minister Narendra Modi's colossal demonetisation move.

In the News

The Elephant Must Compete With The Dragon

quoting John H. Cochranevia Daily Pioneer (India)
Sunday, December 9, 2018

As India does well in its Ease of Doing Business rankings, a comparison with the evolving business environment in Asia, China in particular, must propel it to promote reforms across the country rather than confine it to commercial hubs.

In the News

A Sensible Government Knows When To Back Off: Raghuram Rajan

featuring Raghuram Rajanvia Quartz India
Tuesday, December 4, 2018

India’s former “rockstar central banker”, Raghuram Rajan, has a word of advice for the Narendra Modi government in the backdrop of its strained relations with the central bank: “the sensible government knows when to back off.”

Analysis and Commentary

Death Of A Missionary

by Tunku Varadarajanvia The Wall Street Journal
Sunday, November 25, 2018

[Subscription Required] North Sentinel Island lies 500 miles to the east of India in the Bay of Bengal. It is inhabited by 50 to 150 people—no one knows how many for sure—descended from Stone Age migrants from Africa who settled there 50,000 years ago. Their way of life has changed little since those primordial times. No one in the world outside knows their language.

In the News

RBI-Govt Back From Brink, Time To Remove Sec 7 Threat

quoting Raghuram Rajanvia Financial Express
Tuesday, November 20, 2018

From all appearances, the RBI board meeting was a cordial affair, with both the central bank and the government displaying a great deal of maturity in bringing relations between the two back from the brink.

In the News

India Can’t Work From The Centre, Says Raghuram Rajan

featuring Raghuram Rajanvia Live Mint
Saturday, November 10, 2018

India works when you have many people taking up the burden. And today the central government is excessively centralised: Former RBI governor Raghuram Rajan.

In the News

2 Years Of Demonetisation: What Renowned Economists Said On Note Ban

quoting Raghuram Rajanvia CNBC
Friday, November 9, 2018

On the second anniversary of demonetisation, country is still discussing the success or failure of the note ban. On November 8, 2016, Prime Minister Narendra Modi announced a ban on then in use Rs 1,000 and Rs 500 denomination bank notes with immediate effect.

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