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Former RBI governor Raghuram Rajan, who has often been trolled for his frank views, says ideas and opinions of critics should be attacked but not their motives, as for India's progress listening was more important than preaching like a know-all vishwa guru. In an interview with PTI, Rajan defended joining Congress leader Rahul Gandhi's 'Bharat Jodo Yatra' saying he very strongly believed in the ideas of national integration and of love, not hate and thought the 135-day foot march was an attempt to make that point. Rejecting as "just ridiculous" the charge by government backers that he was responsible for some of the mess in the economy that Prime Minister Narendra Modi inherited, he said he had brought down inflation from double digits and had cleaned up the bad debt which the government is taking credit for now. He also stuck to his comment -- 'India will be lucky if it achieves 5 per cent growth in 2023-24 fiscal year', saying the country was indeed lucky to achieve a 6.5 per cent
The basic argument that Mr Patel has been making has its roots in the discourse on banking reform and reducing dominant state ownership and control over the banks
Cyclical lockdown will diminish credibility and be devastating for economic activity, cautions the former RBI governor
The video of their conversation is likely to be streamed soon
Rajan also served as the Vice-Chairman at the Bank for International Settlements
'I don't want to use the word trade war. I don't think they are there yet,' Rajan
At his book launch, emphasises need to clean up balance sheets of 'unhealthy' banks before merger
Swamy was just the last straw; Rajan's views on intolerance, differences with FM, opposition from RSS were earlier signs of the end of his tenure as RBI Governor