Key Points
Eminent economist Raghuram Rajan, who managed India's monetary policy for three years, recently revealed where he has made his investments and what stocks he has in his portfolio..
When asked about whether he has stocks of US firms or Indian companies, Rajan, who served as RBI Governor from 2013 to 2016, said he has Indian stocks, but he started investing in the Indian firms only after he got out of the central bank..
"When I became RBI Governor, I thought I should not invest in Indian stocks because of a conflict of interest," the economist said.. "When I got out of the RBI, I started investing in India..
The former RBI Governor, who is among the few economists who correctly predicted the 2008 financial crisis, also explained why India recorded better-than-expected GDP growth in the second quarter of FY 2023-24...
When asked about why he thinks the Centre's production-linked incentive (PLI) scheme has not worked, Rajan said there was no value addition happening in the country as manufacturers were importing equipment and were just assembling them in India..
