Majoritarianism is exceedingly detrimental for India's future: Rajan

Raghuram Rajan, a former RBI governor, said majoritarianism would be a threat to India's future . Rajan stressed that it was possible to make the government more responsive to criticism .

NEW DELHI: Majoritarianism would be a significant threat to India's future, and it should be addressed at every opportunity, said Raghuram Rajan, a former RBI governor.Rajan stressed on a webinar that it was possible to make the government more responsive to criticism by removing some of the administrative barriers to criticism.Rajan warned that our trend toward majoritarianism has significant consequences, all of which are detrimental...it is against every political principle, he said.India needs inclusive growth and that if treating any segment of the population as second class citizens, it would fail.

Majoritarianism will play out in a certain way, which would be extremely dangerous for India's future.The eminent economist said it should be tolerated at every turn.India has a strong economy today, according to Rajan, who is also a Professor at the University of Chicago Booth School of Business, but one must be cautious about growth figures.Any improvement should obviously be celebrated.

Since the global financial crisis, India has been underperforming, according to the eminent economist.Despite the strong economy, we haven't produced the jobs we need, he said, we are still much below the pre-pandemic trend line.According to Rajan, India's export results have been good but not spectacular.In India, the most well-known economist emphasized the increase of female employment force participation.

But that is going to change.Rajan said that data is crucial to making the right choice.We need a learning government.We should avoid suppressing data, whether it is statistics about unemployment or reports about Covid deaths.