Home News Reports Raghuram Rajan praises GST and his successor Urjit Patel at Davos

Raghuram Rajan praises GST and his successor Urjit Patel at Davos

Former RBI  Governor Raghuram Rajan spoke at the World Economic Forum summit in Davos, Switzerland.

Speaking on a range of issues from demonetisation, GST and current economic scenarios around the globe, Mr Rajan praised the work of his successor, current RBI Governer Urjit Patel. Mr Rajan said that six-member panel headed by Mr Patel, known as the Monetary Policy Committee, is doing a tremendous job in focussing on inflation. According to a report in Financial Express, Mr Rajan said that Demonetisation and GST were the two big headwinds that the Indian Economy had faced in the last year. Mr Rajan said the Indian Economy was held back slightly due to these two major reforms.

However, he was positive on the long-term impacts of GST and stressed that it will have very positive impact on the Indian Economy. He added further that it is important to bring necessary changes in the GST quickly and let it stabilise.

- Ad - - article resumes -

Rajan emphasised on sharing and said that the western world would need the new emerging economies in order to go a long way. According to a report, he said that the majority population in western countries is ageing and they would need the population of the emerging world to sell their products.

Speaking at a session in the WEF on the broad topic of the power of economic narratives, he stressed that western policy makers would need to work on the main challenges of technology, the ageing population and climate change. He added that they will need to acknowledge the power of emerging world and start addressing these challenges soon.

Raghuram Rajan spoke to ET NOW at Davos:

He is currently Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. Earlier he had declined the Aam Aadmi Party’s offer of a Rajya Sabha nomination.

Help Opindia Reach Every Indian. Share This Post
We need your support to survive in the media industry. Please consider paying us for the content we produce:

To know more about these payments, please click here.


Big Story

Strange rumours are coming out of Kashmir. Shah Faesal, supposedly, is Doval's stooge.

2019 World Cup Is Here!

Catch the latest on Cricket World Cup as it unfolds, special coverage by Opindia

To Advertise on Opindia.com Click here

Here is why Prannoy Roy and Radhika Roy were stopped at the airport and were not allowed to leave the country

Radhika and Prannoy Roy of NDTV have said that they were not allowed to leave the country because of a concocted ICICI loan case. Read about that case in details

Army veteran Surendra Poonia receives threats from Pakistan, files online complaint with cyber crime portal

Major Poonia shared screenshots of the threats he has been receiving as well as screenshot of message which said how an unknown number had threatened to character assassinate him and malign him.

The Zomato controversy: Their business plan, the dispute and a dark tale of greed, exploitation and fear

The controversy stems from deep discounting, favouritism, monopolistic trade practices amongst others, creating a rift between the delivery platforms like Zomato and Restaurateurs

Is Shah Faesal Ajit Doval’s asset? Unlikely, Swati Chaturvedi may be unwittingly helping the central government

Strange rumours are coming out of Kashmir. Shah Faesal, supposedly, is Doval's stooge.

Blast from the past: These past tweets of Kashmiri politicians daring PM Modi to scrap Article 370 are amusing

With today's proposal of revoking Article 370, Kashmir, which had riders attached to it, is now part of India without any conditions.

Shehla Rashid inciting people by sharing fake news, claims of torture and excessive force being used against Kashmiris untrue: Indian Army

In a series of tweets, Rashid had alleged that the situation in Jammu and Kashmir is grim and that the armed forces are using excessive force on the Kashmiris.

Akali Dal leader Manjinder Sirsa accuses filmmaker Anurag Kashyap of deliberately disrespecting Sikhs in season 2 of Netflix’s Sacred Games

Anurag Kashyap, the newfound cultural hero of the ultra-left wing, has a long history of abusing people and resorting to fake news on social media. 

Viral video showing Pakistanis slaughtering cow on Indian flag is real, but it is old

The video showing Pakistanis slaughtering cow on Indian flag is from February 2019

Harvard alumnus IAS officer says Harvard group’s petition demanding release of Shah Faesal was opposed by majority of group members

Harvard alumnus says majority group members had opposed few friends of Shah Faesal who released the statement
Afghanistan's ambassador in the US slam's Pakistan's attempts to link Kashmir issue with Afghan peace process

Afghanistan officially snubs Pakistan, says attempt to link Afghanistan issue with Kashmir is ‘reckless, unwarranted and irresponsible’

Pakistan has been completely rattled ever since India decided to dilute Article 370 and proceeded to bifurcate Jammu and Kashmir
Subscribe to Day's Top Stories
[newsletter_form type="minimal"]
- Advertisment -

Latest articles

Connect with us

180,905FansLike
171,143FollowersFollow
89,759SubscribersSubscribe
Help Opindia Reach Every Indian. Share This Post