Critics are not anti-nationals, they are Uber-nationals: Raghuram Rajan intv| Dhanya Rajendran

Where is India going today? Is it surging forward, having just overtaken the United Kingdom to become the fifth-largest economy in the world? Or is it flailing, unable to provide jobs for the millions joining the labour force? What should India do to secure a better future?

India is at a crossroads today. Its growth rate, while respectable relative to other large countries, is too low for the jobs our youth need. Intense competition in low-skilled manufacturing, increasing protectionism globally and growing automation make the situation still more difficult. Divisive majoritarianism does not help.

In the newly released book, Breaking the Mould- Reimagining India’s Economic Future- the authors- former RBI Governor Dr Raghuram Rajan and economist Rohit Lamba explain how we can accelerate economic development by investing in our people’s human capital, expanding opportunities in high-skilled services and manufacturing centred on innovative new products, and making India a ferment of ideas and creativity. India’s democratic traditions will support this path, helped further by governance reforms, including strengthening our democratic institutions and greater decentralization.

In this conversation with TheNewsMinute’s Editor-in-chief Dhanya Rajendran, Raghuram Rajan speaks about economy, the future and critiquing the government.

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