Rajan also took on the economists who frown upon the idea of economic narratives and said it has become difficult to make people believe in them for setting things right. DAVOS: Former RBI Governor Raghuram Rajan today said the Western world must realise they cannot go a long way without the help of the emerging economies and warned that no one would be able to resolve any problem of a ‘fractured world’ if things are not set right soon.
Without naming any country, he said the West must realise that their population is ageing and the demand for their products […]
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