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- Former RBI governor said in an interview – Raghuram Rajan advised the government, be careful in spending
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Former Reserve Bank Governor Raghuram Rajan has said that along with the bright spots in the Indian economy, there are some dark spots as well. In such a situation, the government needs to be careful in its expenditure, so that the fiscal deficit does not increase too much. Rajan is known to put forth his views in a clear manner.
The eminent economist said that the government needs to take all possible measures to prevent the K-shape recovery of the economy affected by the corona pandemic. Some sectors recover at a faster rate in the K-Shape recovery, while others are slow and fall behind in the race.
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