Saturday, July 11, 2015

Raghuram Rajan on When Will Indian Policy Affects Other Countries

Question: With the near rumour of the US cutting down on the federal stimulus, rupee value crashing, when will we see an Indian policy affecting other countries so intensively?

Raghuram Rajan: I have been saying that, the US should worry about the effects of the policies on the rest of the world. If I stood by that, we should not be very happy down the line when Indian policies affect rest of the world adversely. We would like to live in a world where countries take into account the effect of their policies on other countries and do what is right/wrong rather than what is just right, given the circumstances of their country.