Raghuram Rajan
Raghuram Rajan
Raghuram Govind Rajanis an Indian economist currently serving as the 23rd Governor of the Reserve Bank of India. He was chief economist at the International Monetary Fund from 2003 to 2007, the youngest to occupy the position. He was a professor of finance at the University of Chicago Booth School of Business from 1991 to 2013, when he went on public service leave...
ProfessionEconomist
Date of Birth3 February 1963
fair
It would be fair to say the world has never had it so good.
few house increase past prices rate
House prices can't increase at the rate in which they have been going over the past few years.
asset concern demand dependence downside elevated excessive forecast global high housing include level number price risks thus volatile
A number of developments concern us. These include the excessive dependence of global demand on consumption, especially in the US, the elevated level of asset prices, particularly housing and the high and volatile price of oil. The downside risks to our forecast have thus increased.
advanced economy industries kinds labor tremendous
India, in its most advanced states, has the kinds of industries that you would see in advanced economies, not in an economy that has tremendous amounts of labor and should do low-skilled stuff.
These things are not infinite. At some point, they come to an end.
continue fed increasing interest likely near process rates
The Fed will be watchful and will likely continue the process of increasing interest rates in the near term.
greater price
If you actually see price declines...you could see even greater effects.
clear danger higher oil present prices
Higher oil prices are a clear and present danger.
globally insure job losing net risk safety serious
In a globally competitive economy, it is very important you insure the individual, you have a safety net for the individual, because they're at serious risk of losing their job and so on.
develop extent india interests nuclear power safer
It's in the world's interests that India develop its nuclear power. To the extent that nuclear power has become safer over time, it is in India's interests to use this source.
likely oil
As a result, the oil price-induced imbalances are likely to be with us for some time.
afflicts attractive bitter citizens continued convinced cure european failure medicine people politics reforms retain seem stasis structural work
Europe's citizens do not seem convinced that the bitter medicine of continued structural reforms will cure the stasis that afflicts much of the Continent. It is a failure of politics that people have not come to see that the more they want to retain the attractive European way of life, the more the way they work will have to change.
worry
The worry is how long will this continue.
economy few last proved resilient
The world economy has proved tremendously resilient over the last few years.