‘Let’s first make India one family,’ says Raghuram Rajan, author of Breaking the Mould
The HinduFormer Reserve Bank of India Governor Raghuram Rajan who has returned to teaching after his stint in India, talks about his new book, Breaking the Mould: Reimagining India’s Economic Future, authored with fellow academic Rohit Lamba, that makes a case for a fresh approach to crafting India’s economic future. We think it’s better to get a bird in the hand, be it cash or some sort of benefit or a reservation, rather than press for better government services that equip us to do better. But you care enough about the process that you say, “Look, even if nobody wants to speak, I should speak because I feel I would be letting down my country if I didn’t speak.” It’s important to speak because otherwise the picture is an imbalanced one and you only see the consequences down the line, when the people who led us there are all gone. But the new sort of focus seems much more the old bureaucratic intervention — let’s favour this sector, let us put tariffs on that sector and let us tax this. Let’s make India our own one family first, and show that to the world.
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