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.
effect estimate greater growing growth house opposed percentage point price prices primary risk slowing staying
The primary risk is of a greater slowing of house price growth than anticipated we estimate that the effect of house prices staying flat, as opposed to growing by about 5 percent, could lop one percentage point off U.S. growth.
far further growth increases point price start
We are getting more and more into supply-driven price increases which are going to be more constraining for growth going forward. We are at a point where further substantial increases will start mattering far more.
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.
benign increases oil price thus unlikely
Oil price increases are thus unlikely to be benign going forward.
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.
greater price
If you actually see price declines...you could see even greater effects.
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.
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.
building challenges fair
It would be fair to say to the world, 'You have never had it so good. But challenges are building in the background.
fair
It would be fair to say the world has never had it so good.
worry
The worry is how long will this continue.