Improve governance and rules instead of privatisation: Raghuram Rajan

Rajan was also critical of the government for not focusing enough on healthcare and education, and cutting down on expenditure

There is a need for public sector enterprises, including banks, and better governance can have the same desired effect as outright privatization, according to former Reserve Bank of India (RBI) governor Raghuram Rajan.

Rajan was part of a panel on the topic ‘new economy – redesign the world’ at clubhouse.com. The other speakers in the panel were Sam Pitroda, architect of India’s telecom revolution, and Palanivel Thiagarajan, finance minister of Tamil Nadu.
 

Replying to a question by Congress spokesperson Supriya Shrinate on privatisation, Thiagarajan said his government recogises the role for the private sector and cooperative sectors, but public