Saturday, October 31, 2015

Raghuram Rajan's Perception

The economy of India has turned stable.
 Thanks to the efforts of Raghuram Rajan, the RBI governor.
His pragmatic approach has led to a stagnant growth in the manufacturing sector.
 There is no initiative in the real estate markets.
 The temporary lull has halted progress to an extent.
 The RBI governor's move is to set the house in order.
 The next step is to promote growth.
 Criticisms are there.
Critical is the analysis.
 Research speaks differently.
 The shrewd economist in Raghuram Rajan perceives growth secondary to stability.
 A firm foundation is required, he feels.
 He is meticulously working towards a focus.
 He wants India to sustain not win alone.