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
china increasing oil prices processes proving run running strain
The U.S. and China are running on processes which in the long run are unsustainable. Oil prices are proving an increasing strain on growth.
likely oil
As a result, the oil price-induced imbalances are likely to be with us for some time.
benign increases oil price thus unlikely
Oil price increases are thus unlikely to be benign going forward.
affecting creeping oil producer rising seeing slowly states united
Oil is affecting inflation; it is slowly creeping up in the United States and we're seeing rising producer prices,
commodity effect oil prices
Oil and other commodity prices are going to have some effect over time.
clear danger higher oil present prices
Higher oil prices are a clear and present danger.
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.
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.
calendar expect grow india year
We expect India to grow at around 7 to 7.5 % in calendar year 2006.
global growth jury shifting states united whether
We see a shifting of global growth away from the United States to other countries. Whether it's enough is still for the jury to decide. The jury is still out.
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.
adjustment continues deficit financed gaining ground optimists pessimists worry
As the US deficit continues to be financed easily, the optimists who think there is nothing to worry about are gaining ground over the pessimists who think an abrupt and costly adjustment is likely. But the optimists have to be right every day while the pessimists need to be right only once.