"Government Thinks Only Those Who Clap...": Raghuram Rajan On Critics | Read

The global economy is in big trouble. The IMF has slashed its forecast for global growth this year to 3.2 %. The world's economic growth had rebounded to 6.1% in 2021, but 2022 will see a major slowdown. The United States is on the verge of a recession. China's economy has slowed down. In our neighbourhood, Sri Lanka's economic crisis is there for the world to see. Pakistan is facing record high inflation. The UK is facing a massive cost-of-living crisis, which has turned into a political issue for voters. The headwinds are here in India too and we can all feel it. India has been battling inflation, a falling rupee, and high unemployment. Despite all this, Finance Minister Nirmala Sitharaman has emphatically told the Parliament that India is doing better when compared with the rest of the world. She has said there is no question of India going into recession. So, what is the economic outlook for India? Joining us now is economist and former RBI Governor Raghuram Rajan.