Raghuram Rajan: India witnessing a new kind of green revolution

Sawai Madhopur: Former governor of Reserve Bank of India Raghuram Rajan who joined Rahul Gandhi’s ‘Bharat Jodo Yatra’ on Wednesday said that the country is also having a new kind of green revolution which is in sustainability, emission, and India can be on forefront in building windmills, making buildings green looking at the challenge of climate change. On Gandhi’s point that 4-5 industrialists are getting richer, the rest of the country is behind, a set of industrialists have a separate ‘Hindustan’ while the farmers and others have another ‘Hindustan’, Rajan said that this is a big problem but it is not about capitalists. He also appreciated Rahul Gandhi’s move of Bharat Jodo Yatra saying that ‘Bharat ko Jodna hai’. Rajan said that the income of the upper middle class increased because they could work from home during the pandemic but those who worked in factories lost earning because they could not earn. “So this divide increased in the pandemic. Rich had no problem, the lower class got ration and other things but the lower middle class had a big damage. There were no jobs, unemployment increased,” he said. He suggested that policy should be made while considering such a class. Rajan also suggested that a conducive environment and factors are needed for small and medium scale industries to grow bigger. On investment in the stock market by people less informed, Rajan said that consumer protection should be there so that they can know their rights. Gandhi said that when there is hatred everywhere in the world, India can show the path. “This is our culture, history and strength,” he said.