News > India's economy has some bright spots, a number of very dark stains: Raghuram Rajan

India's economy has some bright spots, a number of very dark stains: Raghuram Rajan

The Indian economy has "some bright spots and a number of very dark stains" and the government should target its spending "carefully" so that there are no huge deficits, noted economist and former RBI Governor Raghuram Rajan said on January 23.

Mr. Rajan said that he would love to see a five- or ten-year vision for India as well as a plan for the kinds of institutions and frameworks the government intends to set up.