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‘We don’t need to be self-sufficient’
Updated On: 17 December, 2023 04:07 AM IST | Mumbai | Arpika Bhosale
Economist Raghuram Rajan, in his new book co-authoured with colleague Rohit Lamba, tells us why the upskilling of the janta is vital for the continuation of the India growth story
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Ex-RBI governor Raghuram Rajan co-authours— Breaking The Mould— that is written for non-academcians and provides insight into how India can move forward. Pic/Rane Ashish; (right) Economist Rohit Lamba explained that the rankings of ease of doing business are deceptive and do not give the real economic picture
When the ex-RBI governor and economist’s six-feet-and-one-inch frame bends slightly while entering the room, you brace yourself for something at least bordering on intimidating…but Raghuram Rajan’s soft hand-shake and genteel smile disarm you.
The man known to speak his mind on economic policies he doesn’t agree with, like demonetisation and increasing manufacturing hubs, has been busy since his departure from the RBI in 2016, guiding students at the University of Chicago’s Booth School of Business. He has also written a book with his friend and colleague, Rohit Lamba an economist at Pennsylvania University, titled Breaking The Mould.
Rajan is a bit under the weather but he soldiers on. What’s his panacea, we ask. “Cooking,” he replies, adding with a shy chuckle, “but my wife complains when I declare my cooking skills superlative. I am good at south Indian dishes. We don’t have a cook, and I make my own since I have a little different dietary requirement than my wife…” “He’s vegetarian,” chimes in Lamba helpfully, who worked with Rajan at the office of the Chief Economic Advisor during the former’s stint in the RBI.
Rajan and Lamba are both squash enthusiasts, and often play together whenever the former comes to Chicago for his lectures ,and carves out time to visit him in Pennsylvania“I go for a jog, exercise,” adds Rajan. But how does he find the time? “You have to make the time!” And just like that, a flash of that signature Rajan aggression and candour that was witnessed during his press conferences and public events during his tenure as the governor jumps out of the brown leather couch on the sixth floor of the LaLiT Hotel in Bandra.
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