Is Raghuram Rajan's policy anti-growth?
RBI Governor Raghuram Rajan fails to impress markets with his maiden policy as he raises repo rate by 0.25 per cent to cool inflation. Is his policy anti-growth? And can high interest rates help cool inflation? Sajjid Chenoy, India economist at JP Morgan, Surjit Bhalla, managing director of Oxus Investment, and Mohandas Pai, chairman of Manipal Education, debate why the new RBI chief’s policy doesn’t go down well with investors.
