The problem of unemployment is increasing continuously which is dangerous.
Former RBI Governor Raghuram Rajan said that unemployment is becoming a big problem. He said that unemployed youth are being used by politicians for their own benefit.
Former Governor of Reserve Bank of India Raghuram Rajan (Raghuram Rajan) said that the problem of unemployment is getting serious very fast. He said that if unemployed (Unemployment) If the number of youth increases, then political parties will take advantage of it in the form of division on religious lines. At this time the government should focus on employment generation. In a conversation with Pro Market, Rajan said that the problem of unemployment is most serious in the lower middle class. Politicians take maximum advantage of these people. He said that the government should consider such a program in which all sections of the society get equal opportunities for development. People of all religions and communities including men, women, Hindus, Muslims should participate in this development.
Talking about the Indian economy, Rajan said that India’s economy is not in such a bad phase. However, he has raised questions about the participation of women. Rajan said that India is also behind Saudi Arabia in terms of female labor participation. However, people will not believe it.
Now inflation will come and rise
Recently, Raghuram Rajan made a big statement regarding inflation. He said that at this time the whole world including America, India is troubled by inflation. However, there will be a further jump in inflation. He said that in the Federal Reserve meeting that is going to be held next week, the decision to increase the interest rate will be important. It is believed that in this meeting, the FOMC can increase the interest rate by 50 basis points. In the US, inflation has broken the record of 41 years in the month of May.
RBI raises inflation forecast to 6.7 percent
The effect of inflation is that the central banks of the world are reducing the growth forecast at this time, while increasing the estimate of inflation. Recently, an important meeting of the Monetary Policy Committee of the Reserve Bank of India was held. RBI increased the repo rate by 50 basis points to 4.9 percent. It raised the inflation forecast for the current fiscal by 1 per cent to 6.7 per cent and retained the growth forecast at 7.2 per cent. The European Central Bank has also raised the inflation forecast.
Source: www.tv9hindi.com
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