Ahead of Budget 2025, former RBI chief Raghuram Rajan says he is worried about the big Indian middle class
- Posted on January 17, 2025
- By Business News Today
- 5 Views
Ahead of Budget 2025, former RBI chief Raghuram Rajan says he is worried about the big Indian middle class
Budget 2025: Former RBI chief Raghuram Rajan expressed concerns about India's middling GDP growth forecast of 6.4% for FY25 and the struggling lower middle class. He emphasized the need for private sector growth while noting the limitations of government-driven investments in supporting sustained economic expansion.
