Bharat Jodo Yatra: Former Reserve Bank of India (RBI) Governor Raghuram Rajan joined the Bharat Jodo Yatra led by Rahul Gandhi on Wednesday. During this, he said that the next year will be difficult for the Indian economy as well as for the rest of the world. In a conversation with Rahul Gandhi, Rajan said the Indian economy will struggle to achieve 5% growth next year as key interest rates have risen and exports have slowed.

We will be lucky if we grow by 5% next year Meanwhile, Raghuram Rajan said that “we’ll be lucky if we grow by 5% next year. The problem with growth numbers is that you have to understand what you’re measuring.” When asked about the reason, the former RBI chief said that Covid-19 Asserting that India was slow before the pandemic, the pandemic was “part of the problem”, adding that the country failed to generate the reforms needed for growth.On the challenges of rising economic inequality , Raghuram Rajan said that the income of the upper middle class increased because they were Covid-18 Could work from home during the pandemic but those working in factories lost their earnings.

Policies should be made keeping in mind the lower middle class He insisted that policies should be made keeping in mind the lower middle class, who are suffering the most due to the coronavirus pandemic. The BJP took a jibe at Rajan for joining a Congress foot march in Rajasthan, saying his comments on India’s economy should be dismissed with “disdain” as it was “colourful and opportunistic”. BJP and Congress gave their response on Twitter Vijay Chauthaiwale, head of the BJP’s foreign affairs department, tweeted, “A former RBI governor became the head of the government and the country Precious years were lost. Thanks to Modi, India will not repeat that mistake. RRR (Raghuram Rajan) can walk from Delhi to Chicago.” Responding to BJP’s criticism, senior Congress leader P Chidambaram tweeted, ‘Why is BJP upset with Rahul Gandhi’s conversation with Raghuram Rajan? Because PM Modi does not meet economists and economists do not have access to PM Modi.’

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Thu, Dec 15, 2022, 10: 18 AM IST