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Raghuram Rajan on Rahul Gandhi: Former Reserve Bank of India (RBI) Governor Raghuram Rajan has said that former Congress President Rahul Gandhi’s ‘Pappu’ image is unfortunate and he is a smart man. Speaking on the sidelines of the World Economic Forum in Davos, Raghuram Rajan said, “I think this image is unfortunate. I have spent almost a decade interacting with him on many fronts. He is not ‘Pappu’ by any means.” He is a smart, young, curious person.”
“I think it’s important to have a good understanding of fundamental risks and the ability to evaluate them. I think he’s perfectly capable of doing that,” he said. Raghuram Rajan also told that he went with Rahul Gandhi because he stands for the values of Bharat Jodo Yatra. Said that he was also critical of the Congress government led by Manmohan Singh. Categorically ruling out entry into electoral politics, Raghuram Rajan said, “I have joined the Bharat Jodo Yatra because I stand for the values of the Yatra. I am not joining any political party.”
Rahul Gandhi had a conversation with Rajan
Rajan was involved in the passing of the Bharat Jodo Yatra in Rajasthan in the past. Former governor Raghuram Rajan had detailed talks with Congress MP Rahul Gandhi on various issues including economic. In this, both mentioned the country’s economy, communalism, businessman Gautam Adani, poverty etc. Rahul Gandhi had narrated a story related to Adani’s share. Rahul Gandhi had said, “I was going to the Parliament, I am friends with the security guard there. Asked a security guard what are you doing, he replied that he is having a lot of fun. I said what happened, he said that I have bought Adani stocks. He was making a lot of money from it. I thought he belonged to the salaried class. It is risky for him to do such work. To this former RBI Governor Rajan replied that people do not understand. They see that its returns are high and invest their money, but they don’t see why the returns are there and where they come from.
‘India’s thinking of replacing China is immature’
Earlier, former Reserve Bank Governor Raghuram Rajan had said on Tuesday that it would be premature to think of India replacing China in influencing global economic growth, but the situation may change going forward. Rajan told a press conference on the sidelines of the World Economic Forum (WEF) meeting that even a slight improvement in China’s economy would boost global growth prospects. He said that there are still 12 months left and it would be a good thing for China to improve during this period. He said, “China is currently facing the pandemic and may see an improvement in its situation by March-April this year. If its manufacturing improves, prices may come down outside as well.” When asked about India, Rajan said, “The argument that India will replace China is immature.”