Sunday, April 24, 2016

Delivering Steadily on Our Promise for a Long Time

We must remember that our international reputation is of a country with great promise, which has under-delivered in the past. This is why we are still the poorest country on a per capita basis among the BRICS. We need to change perceptions by delivering steadily on our promise for a long time – by implementing, implementing, and implementing. We cannot get carried away by our current superiority in growth, for as soon as we believe in our own superiority and start distributing future wealth as if we already have it, we stop doing all that is required to continue growing. This movie has played too many times in India’s past for us to not know how it ends.
"Words Matter but so Does Intent" address by Dr. Raghuram Rajan, Governor of Reserve Bank of India on April 20, 2016 at the 12th NIBM Convocation, Pune