BY DAVID P. GOLDMAN
Sudden rise in ‘real’ yields portends powerful headwinds
interview with Raghuram Rajan via Economic Times (India)
Hoover Institution fellow Raghuram Rajan hopes the Finance Minister and Minister of Corporate Affairs Arun Jaitley in India, will stick to macro stability as he writes the Budget and not create a fiscal deficit to an extent that India looks unreliable.
"We Had Two Big Headwinds": Raghuram Rajan On Slowdown
interview with Raghuram Rajan via NDTV
Hoover Institution fellow Raghuram Rajan says the Indian economy had two big headwinds last year, in the form of demonetisation and GST. The economy was held back relative to global economy partly because of these headwinds, he adds. In the long term, says Mr Rajan, GST will have very positive effects. He also says the rising oil prices are an emerging issue and it remains to be seen how much that will affect growth.
featuring Raghuram Rajan via Economic Times (India)
Former RBI Governor Raghuram Rajan today said the Western world must realize they cannot go a long way without the help of the emerging economies and warned that no one would be able to resolve any problem of a 'fractured world' if things are not set right soon.
interview with Raghuram Rajan via NDTV
Hoover Institution fellow Raghuram Rajan says that when oil prices came down, because India imports oil, it showed up as an addition to GDP. Now that oil prices are going up it will show up as a subtraction from GDP, and that certainly is an area for concern going forward.