Is Raghuram Rajan’s Vision the Right One For India’s Economic Future? “Where is India going today?” Raghuram Rajan asks in his forthcoming book ‘Breaking the Mould: Reimagining India’s Economic Future’. Is it surging, having just overtaken the United Kingdom to become the fifth largest economy? Or is it flailing, having settled at a growth rate that’s grossly insufficient for the jobs it needs to create? By pursuing the ‘Chinese’ path of development focused on low-skill manufacturing exports has India got stuck in past strategies that are losing validity? To compete for the future should India instead focus on service exports, both direct services and manufacturing-related ones? If it chooses the latter route, what are the challenges it must overcome? Most importantly, will the present restrictions on India’s democracy constrain and restrict the creativity it must unleash to realize its potential?

The Indian economy grew at 7.2% in the fiscal year 2022-23, as per the govt data. The BJP re-upped the conversation of Rahul Gandhi and former RBI Governor Raghuram Rajan where Raghuram said 'India would be lucky to do 5% growth next year'.

"Fact is India has registered 7.2% GDP growth om FY2022-23. Congress apologists are like ‘filth seeking flies’. Give them a clean room and they will look for that tiny spec of dirt and scream blue murder. Put them in stinking filth (reminiscent of UPA era), and they wallow, in pleasure," Amit Malviya tweeted.

Raghuram Rajan On Rahul Gandhi, Troll Army & BJP Targeting Him For His Past '5% Growth Prediction' what kind of growth we need.. more job oriented growth... Invest in human capital . Need to uplift everyone.. which calls for more investment in education, Barkha Dutt speaks to Top economist and former RBI Governor Raghuram Rajan & economist Rohit Lamba over their new book- 'Breaking The Mould: Reimagining India's Economic Future'- to get answers to these questions.

The full interview .