Former Reserve Bank of India governor Raghuram Rajan in his latest criticism seen to be directed at the centre has warned of the ill effects of “divisive, populist majoritarianism”. The former RBI governor whose policy thinking differs from that of the government led by Prime Minister Narendra Modi – Mr Rajan is a big critic of demonetisation – has said only “internal cohesion and economic growth” and not “majoritarianism” will help strengthen India’s national security.
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