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
academic associate inflation people somewhat targeting theme wrongly
People associate inflation targeting somewhat wrongly with rigidity. His theme as an academic was how to depersonalize this whole process.
associate inflation people somewhat targeting wrongly
People associate inflation targeting somewhat wrongly with rigidity,
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.
economy few last proved resilient
The world economy has proved tremendously resilient over the last few years.
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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.
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.
growth lower percentage points result
Growth in 2005 will be about 0.1 percentage points lower as a result of Katrina.
achieve capable confident conviction creates less life meeting nations open people possibilities reason shoddy strong tolerant usual
There are times in the life of nations when they feel confident that they can take on the world, that they are capable of meeting any challenge. One reason such a mind-set is important is that it creates an intolerance for laziness, for shoddy products, for open corruption, and for the usual excuses. When people have a strong conviction that they can achieve the possibilities of the future, it makes them less tolerant of impediments in their way to it.
create free hurt india necessary political resources steps strong
If India doesn't create the necessary infrastructure, it will hurt growth. India must take strong political steps to free up resources for investment.