to Raghuram Rajan
Rajan ended his speech with a clear warning. “The history of development is replete with countries that grew strongly for a while, only to stutter and stop as their leaders and their people started taking growth as their birthright. Somewhat paradoxically, it is only when we are paranoid about sustaining growth that we will continue achieving it. We need to become paranoid again, as we were in the early 1990s, and perhaps then we will achieve the full promise of Manmohan Singh’s reforms.”
Full piece here. I am not sure!
No comments:
Post a Comment