India faces economic catastrophe, PMO can't handle it by itself: Rajan

Says PMO can't tackle crisis on its own, must consult opposition talent; questions the way some states propose to suspend labour laws and Centre's micro-management of states to undertake reforms

Questioning the style of function in the National Democratic Alliance (NDA) regime with the Prime Minister’s Office (PMO) dominating the decision-making process, former Reserve Bank of India governor Raghuram Rajan said the Indian economy would be a shadow of its former self if the government didn’t announce further measures.
 

“I’m very worried about the extent of the catastrophe we’re facing … the government must consult Opposition talent … it can’t all be done by the PMO … we must pull out all stops … if more is not done, the economy will be a shadow of its former self,” Rajan