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
benign increases oil price thus unlikely
Oil price increases are thus unlikely to be benign going forward.
globally insure job losing net risk safety serious
In a globally competitive economy, it is very important you insure the individual, you have a safety net for the individual, because they're at serious risk of losing their job and so on.
feasible growth percent
I think it's feasible, very feasible to see 10 percent growth rates. I don't think 10 percent is over-optimistic.
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.
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.
affecting creeping oil producer rising seeing slowly states united
Oil is affecting inflation; it is slowly creeping up in the United States and we're seeing rising producer prices,
greater price
If you actually see price declines...you could see even greater effects.
advanced economy industries kinds labor tremendous
India, in its most advanced states, has the kinds of industries that you would see in advanced economies, not in an economy that has tremendous amounts of labor and should do low-skilled stuff.
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.
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.
economy be-careful handle
We have to be careful of not injecting more uncertainty than economy can handle
challenges economy challenging-times
We have very stable, solid economy; we are going through challenging times.
our-actions pace currents
Our actions will be at measured pace given the current market turmoil.
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.