Rajan warns against 'euphoria' over fastest-growing tag
April 20, 2016 14:16
Warning against being "euphoric" about India being the fastest-growing economy, RBI Governor Raghuram Rajan today sought to contextualise his "one-eyed king" remarks about India's growth and said the country has a long way to go before it claims to have arrived.
"As a central banker who has to be pragmatic, I cannot get euphoric if India is the fastest growing large economy," he said.
Seeking to explain his 'one-eyed king' comments, Rajan said his comments were "hung out to dry out of context" and even offered an apology to the visually-impaired for hurting them by the use of the proverb.
"As a central banker who has to be pragmatic, I cannot get euphoric if India is the fastest growing large economy," he said.
Seeking to explain his 'one-eyed king' comments, Rajan said his comments were "hung out to dry out of context" and even offered an apology to the visually-impaired for hurting them by the use of the proverb.
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