Indians' belief in country's economic future has diminished, says Rajan

He also stressed on the need for India joining international trade agreements

Indians' belief in the country's economic future has diminished in the recent years, with the COVID-19 pandemic taking a further toll on sentiment while pushing many middle-class citizens into poverty, former RBI governor Raghuram Rajan has said.

Virtually addressing an event organised by the NALSAR University of Law, Rajan further said the domestic stock market is booming but that does not reflect the reality that many Indians are in deep distress.

"In recent years we have gotten a little less confident. Our belief in economic future has diminished...the pandemic toll has further diminished our self-belief or 'atma vishwas' even further while pushing