Will India face economic problem like Sri Lanka, Pakistan? See Raghuram Rajan’s reply
India’s neighbour, both Pakistan and Sri Lanka are witnessing their worst economic crisis at present. It is India that has come forward and helped Sri Lanka in quick economic recovery. In fact, India has given unprecedented support of $3.8 billion this year to cash-starved Sri Lanka. Whereas Pakistan is planning to sell shares of government-owned entities to friendly countries with a buyback option.
In this scenario of economic problems, former Reserve Bank of India (RBI) Governor Raghuram Rajan’s…