'Atmanirbhar Bharat' should not result in protectionism: Rajan
NEW DELHI: Former Reserve Bank governor Raghuram Rajan on Wednesday said the 'Atmanirbhar Bharat' campaign of the go nment should not result in protectionism, adding that such policies had not worked in the past.
Observing that it is not yet clear to him what the go nment means by 'Atmanirbhar Bharat', Rajan said if it is about creating an environment for production, then it is a re-branding of the Make in India initiative.
"If it is about protectionism, unfortunately India has raised tariffs recently, (then) it does not make any sense to my mind to go that way because we tried that before.
"We had a licence permit raj earlier ... that protectionism was problematic, it enriched a few corporations but basically was a source of poverty for many of us," he said.
Rajan was addressing a virtual event organised by economic think tank ICRIER.
"When we talk about Atmanirbhar Bharat, I am not quite sure which side is being emphasised. If it is, let's create an environment for production, I think that makes a lot of sense and it basically reiterates Make in India and rebrands ... Make in India," he said.
Rajan, currently a professor at the University of Chicago, further said India needs world-class manufacturing and that means the country's manufacturers have access to cheap imports, which form the basis for strong exports.
"So, by all means, we need to create infrastructural support, logistic support etc for being part of the global supply chain. But let us not create a tariff war because we know that does not work, many countries have tried it," the eminent economist noted.
译文来源：三泰虎 http://www.santaihu.com/p/51008.html 译者：Jessica.Wu
This crook talking too much now ,when upa was looting and giving freebies in the name of loan he looked other way .
This idiot Rahul is like a crying baby and Tar baby - making every effort to stop the progress than help.
what this news relates to Congress and RAGA. don't throw the mud everywhere.
It is surprising that he is talking about transparency. When the go nment had asked him to provide the list of borrowers who had borrowed large amounts from commercial banks, he did not cooperate. He is talking on China's lines. China is complaining about India's protectionism because the Chinese are not getting an opportunity for dumping. As the business activity has come to a standstill due to the pandemic, it is a challenge .
You had your chance but instead of serving the nation you served Sonia! You Bstrd, Please shut up! Nobody believes you any more!
Mr Raghuram Rajan, should preferably keep mouth shut and not give sermons on far reaching industrial policy matter.
I Love India
why his post are published by this paid media .he is agent of China and Congress spoke person.. who is always in favor or China..
no business with Enemy And COMMIE nations like China
I am surprised that Rajan keeps talking about India while no one wants his opinion. USA is going thru pendamaic and economic crisis, being a green card holder, he should pay more attention to USA economy and talk to other economists. But you know no body in USA knows him much or talks to him anyway.
I Love India
bcoz no one listen to him.. he is now a online joker who talk like papu.. free advise which has no sense.
He does not talk like an economist but as spokesperson for Sonia Congress and agent of Communist Party of China.
IS ANYBODY ASKING FOR HIS ADVICE OR JUST HE WANTS TO BE IN LIMELIGHT?
People of India know you very well.
Go Lecture your students ok ? India donot need your advice !!!
Make in India was about setting up manufacturing in India. Atamnirbhar Bharat is about producing everything in India and being dependent on imports. As simple as that. Hope your pea size brain understands now. Who made you an economist, i seriously wonder
NO BODY SOUGHT YOUR OPINION. KEEP IT TO YOUE SELF.
Some protectionism is necessary for a country like India. But it should not be protecting the interest of a specific Indian businessman. Rather it should be protecting interest of every business in India that helps all Indians.
He is stupid economics professor and did nothing during his time RBI chief. All scams sown during his time or just before.
This man is neither an India nor an American he changes colours like chameleon. If he keeps talking the way he is, soon he will go to jail, he does not have a clue and lost all credibility
Human brain dont work properly after the age of 70 years.
Rajan Bhai, it will definitely lead to protectionism.How can "make in India" succeed without protectionism? Of course there are exceptions like samosas and pakodas which are perishable and cannot be imported from Cjina.