Former RBI Governor Raghuram Rajan meets Uddhav Thackeray in Mumbai

Raghuram Rajan meets Uddhav Thackeray

Former RBI Governor Raghuram Rajan met Shiv Sena (UBT) chief and ex-Maharashtra chief minister Uddhav Thackeray at the latter's residence in Mumbai.

The former CM's son and MLA Aaditya Thackeray in a social media post said they were delighted to host Rajan at their home 'Matoshri' on Tuesday.

Former RBI Governor Rajan is a vocal critic of the Narendra Modi government's economic policies.

Aaditya Thackeray in a post on Instagram said, "Truly a delight to host Raghu Rajan ji at our home, Matoshri. Apart from his already vast contribution to our economy on various roles, including being the Governor of the RBI, we strongly believe the future of the Indian economy must be guided by such individuals with a vision for the future."

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In a recent event of his book launch in Kolkata, Raghuram Rajan said if India wanted to become a developed country by 2047, it needed to achieve an annual growth rate of more than seven per cent. "At a growth rate of seven per cent, India's per capita will grow from the current $2,400 to $10,000 in 2047, which will put the country in the low middle-income bracket," he said

Rajan highlighted that India needs to focus more on education and healthcare to become a developed economy by 2047, adding the fact that India has maintained an average growth rate of six per cent over the past 25 years, which is not an easy job for any country.

Meanwhile, the International Monetary Fund (IMF) in its growth forecast for 2024 has predicted that Indian economy will have a robust growth of 6.5 per cent. India will emerge as the fastest-growing economy yet again, it said.

IMF is a major financial agency of the United Nations, and an international financial institution based in Washington DC, United States which published international economic research reports.

(With Inputs from agencies)