To end poverty, we need $6,000 per capita income: Raghuram Rajan

June 08, 2016 11:16

"At one level, we are still a $1,500 per capita economy. All the way from $1,500 per capita to $50,000, which is where Singapore is, there is a lot of things to do. We are still a relatively poor economy and to wipe the tear from every eye, one would at least want to be middle-income around $6,000-7,000 which, if reasonably distributed, will have dealt with extreme poverty. And that is two decades worth of work to be even moderately satisfied."

RBI governor Raghuram Rajan holds forth on the economy. Read the interview here.

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