Raghuram Rajan warns against ‘euphoria’ over fastest-growing tag

RBI governor Raghuram Rajan said he would not be “euphoric” even if the country were to become the fastest growing large economy, while noting that it needs to ensure growth is fast enough to boost citizens’ livelihoods.

RBI Governor Raghuram Rajan said he would not be “euphoric” even if the country were to become the fastest growing large economy, while noting that it needs to ensure growth is fast enough to boost citizens’ livelihoods.

RBI governor Raghuram Rajan warned against being euphoric at India being the fastest growing large economy. (Reuters)

“As a central banker who has to be pragmatic, I cannot get euphoric if India is the fastest growing large economy,” Rajan said while speaking with banking and finance students at an institute in Pune.

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“We have to repeat this performance for the next 20 years before we can give every Indian a decent livelihood.”

Rajan added the implementation of several reforms would be key to ensuring India posts high growth.