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
emerging result scandals system
It is an emerging economy, and as a result there will be scandals. What I think is important is that these scandals stress-test the system and tell us where the deficiencies are.
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.
bank concern italy
It is always a concern when an important institution like the Bank of Italy comes under some uncertainty.
commented economic emerging investment last somewhat
We have commented earlier, in the last World Economic Outlook, on the somewhat muted investment all over the world, especially in emerging markets.
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.
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.
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.
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.
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.
worry
The worry is how long will this continue.
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.