Subramanian Differs with Rajan, Says Flaunting of Wealth 'Doesn't Matter'

Days after RBI Governor Raghuram Rajan warned bank defaulters against flaunting their wealth, Chief Economic Advisor Arvind Subramanian and NITI Aayog member Bibek Debroy said that "flaunting" of riches does not matter. The two economists were speaking to NDTV's Barkha Dutt in an exclusive show that also featured French economist Thomas Piketty, author of the book 'Capital'. (Watch the full show here) In Davos, the RBI Governor had...