Former RBI Governor Raghuram Rajan states India's 8.5% growth rate has "some fluff", primarily reflecting large firms while smaller companies experience "tepid growth."
Former RBI Governor Raghuram Rajan says India's 8.5% growth rate has some "fluff," as GDP data primarily reflects large firms with smaller companies experiencing "tepid growth." Despite this, Rajan notes that even a 6-6.5% growth rate is "pretty good." India recently reported an 8.4% economic growth rate for the October-December quarter, exceeding expectations.
May 02, 2024
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