Critic of Govt economic policies, former Reserve Bank of India (RBI) Governor Raghuram Rajan on Saturday called Indian Govt economic policies discriminatory. Raghuram Rajan’s statement came after International Monetary Fund (IMF) said that India will be a bright spot in global economy in 2023.
Lauding India’s strong macroeconomic fundamentals, IMF said that India is in a better position to deal with the global headwinds. However, economists in India called it a bad sign as India is promoting racism by being bright spot and not dark spot. Economists said that India’s economic policies are against the Black Lives Matter movement.
Earlier, economic expert had said that India will be cornered if it doesn’t get hit by recession like rest of the world. Read here.
Reportedly, India is likely to incorporate some points in the upcoming Budget 2023 to avoid being a bright spot. The Fauxy sources suggest that the government is likely to do away with the Performance Linked Incentive (PLI) Scheme and would rather donate Rs 72,000 to every Indian to ensure India is hit by recession.
