IT Minister Ashwini Vaishnaw hits out at Raghuram Rajan’s semiconductor scepticism
1 year, 6 months ago

IT Minister Ashwini Vaishnaw hits out at Raghuram Rajan’s semiconductor scepticism

The Hindu  

June 02, 2023 10:45 pm | Updated June 03, 2023 01:06 am IST - NEW DELHI Union Minister for Railways, Communications, and Electronics and Information Technology Ashwini Vaishnaw on Friday hit out at former Reserve Bank of India Governor Raghuram G. Rajan for expressing scepticism over the outcome of the government’s Production-Linked Incentive scheme for semiconductor manufacturing. “What Raghuram Rajan was before 2014, and what he became after that — when he was the Governor — we are well aware,” Mr. Vaishnaw said, responding to a question at a BJP press conference on a recent paper co-authored by the economist. Mr. Vaishnaw was reacting to a paper by Mr. Rajan and two other economists, which argued that India’s semiconductor manufacturing ambitions had essentially made it a net importer, and that the fundamental problem of indigenising supply chains was not being accomplished. Taking to his social media handle, Mr. Rajan said more than manufacturing India was merely an assembling platform for mobile manufacturers.

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