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Do not blame Raghuram Rajan

Mr. Rajiv Kumar, the Vice Chairman of Niti Ayog, the government’s top think tank, made some unreasonable, ridiculous and absurd remarks recently. He said that because of the faulty policies of Raghuram Rajan, India’s former RBI governor, there was a rise in bad loans of banks, that led to an economic slowdown in India. He strangely said that Rajan adopted policies, that led to a surge in NPAs and a decline in India’s GDP growth. Why is it that he thinks that Raghuram Rajan is to be blamed ? Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance shares his takes on the matter in this exclusive video.

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