5 sourced quotes by Raghuram Rajan on economy, development & poverty, equality & social justice, science, technology & innovation, with a use case for each in GS4, Essay and interviews.
Improving the opportunities across the board is extremely important to sustain the legitimacy of wealth. If a whole horde of people, whole sections of society don't feel they have the opportunities, then the focus is going to be on those who have it and who have made it and say that is illegitimate.
— Raghuram RajanOn the rising suspicions towards self-made people after the Panama Papers leak, as quoted in "‘Panama Papers’ furore: RBI Guv Raghuram Rajan
Use itEssay on inequality; broad-based opportunity sustains the legitimacy of wealth.
On the retail side, I particularly want to emphasize the use of the unique ID, Aadhaar, in building individual credit histories. This will be the foundation of a revolution in retail credit.
— Raghuram RajanOn Aadhaar, as quoted in "Raghuram Rajan's first speech as RBI governor", Firstpost (5 September 2013)
Use itGS3 on digital public infrastructure; Aadhaar enabling credit histories and financial inclusion.
Promoters do not have a divine right to stay in charge regardless of how badly they mismanage an enterprise, nor do they have the right to use the banking system to recapitalize their failed ventures.
— Raghuram RajanAs quoted in "Raghuram Rajan's first speech as RBI governor", Firstpost (5 September 2013)
Use itGS3 on NPAs and IBC; promoters have no divine right to bank bailouts.
If you are an outsider looking at India, learn to filter out both the irrational exuberance and the excessive pessimism. We're subject to both. You will become manic-depressive if you follow our moods.
— Raghuram RajanAs quoted in "Economy will pick up by year-end, says RBI chief", Reuters (16 October 2013)
Use itInterview/GS3: view India's economy without irrational exuberance or excessive pessimism.