My View on "THE CURIOUS CASE OF RAGHURAM RAJAN":
Monetary easing and encouraging consumption to pep up the credit markets do not seem to gel well with the current risk environment. Further, aping the west in a conservative and cautious financial market is likely to put the risk appetite in wrong direction. The realization may come late and remedies may be costlier. The author is right in raising doubts about Dr Rajan's approach at the current juncture.
- Yerram Raju
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