Government should prevent K-shaped recovery: Raghuram Rajan
The Hindu
Ex-RBI Governor says Indian economy has ‘some bright spots and number of very dark stains’
The Indian economy has “some bright spots and a number of very dark stains” and the government should target its spending “carefully” so that there are no huge deficits, noted economist and former RBI Governor Raghuram Rajan said on Sunday.
Known for his frank views, Dr. Rajan also said the government needed to do more to prevent a K-shaped recovery of the economy hit by the coronavirus pandemic.
Generally, a K-shaped recovery will reflect a situation where technology and large capital firms recover at a far faster rate than small businesses and industries that have been significantly impacted by the pandemic.
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