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Rajan, Adviser to India, Urges Changes to Economy
Keywords:
Raghuram Rajan, former chief economist of the IMF, is appointed the chief economic advisor to Indian prime minister Manmohan Singh. He says his focus is on increasing foreign investment, including letting foreign banks operate in the country, reducing waste in food storage and distribution, and promoting new business so that growth does not depend largely on the large companies in the country.
Raghuram Rajan
01/02/2009
Former IMF chief economist and critic of Greenspan policies.
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The former chief economist of the IMF teaches at the University of Chicago. The Indian prime minister and finance minister faced with slowing growth and a growing deficit have made him the chief economic advisor to the government. Rajan seeks to focus on three areas, allowing foreign investment and foreign banks to operate in the country, reducing waste in food storage and distribution, and improving the climate for new business so that growth does not depend largely on the large companies in the country.
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