Former Reserve Bank of India governor, Raghuram Rajan, has called for India to leverage its strengths and become a crucial player in global supply chains. In a recent speech, Rajan emphasized that India has the potential to take a leadership role in the services industry. He also stressed the importance of strengthening India’s liberal democratic values as an economic necessity in order to earn the world’s trust.
According to Rajan, India should focus on building on its historic culture of tolerance and respect for all. By doing so, India can become a trusted global supplier and compete with other countries, including China, in the service component of manufacturing or services more directly.
India’s growth path lies in leveraging its intrinsic strengths. This can be achieved by building on its historic culture of tolerance and respect for all. By doing so, India can become a crucial player in global supply chains and take a leadership role in the services industry.
Rajan’s call for India to focus on the service component of manufacturing or services more directly is significant. He believes that India would benefit from doing so, especially in the face of competition from a cheap manufacturing neighbor like China.
The former RBI governor’s emphasis on the importance of strengthening India’s liberal democratic values is also noteworthy. He believes that this is an economic necessity that will help India earn the world’s trust and establish itself as a trusted global supplier.
India’s liberal democratic values are an essential part of its economic success. These values help build trust and create a stable environment that is conducive to economic growth. Rajan believes that India’s future success depends on its ability to build on its intrinsic strengths and become a trusted global supplier.
Rajan’s call for India to leverage its strengths and become crucial to global supply chains by building on its historic culture of tolerance and respect for all is timely and significant. India’s future success depends on its ability to take a leadership role in the services industry, focus on the service component of manufacturing, and strengthen its liberal democratic values.
