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Why Raghuram Rajan Doesn't Want Any Credit for Economic Growth

RBI has time and again been criticised for not cutting rates aggressively to give the economy that much needed thrust.
RBI has time and again been criticised for not cutting rates aggressively to give the economy that much needed thrust.
Reserve Bank Governor Raghuram Rajan on Tuesday refused to take any credit for the uptick seen in domestic economy. India's GDP (gross domestic product) growth inched up to 7.4 per cent in the July-September period compared to 7 per cent in the previous quarter, indicating that the Indian economy is on a recovery path. "It's actually a whole mix of factors, so I would be far from claiming credit for monetary policy. Lots of other fa...
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