In an interview with Bloomberg, he added that the country needs to improve its structural problems, including poor education and skills of the workforce, to meet its true potential. The new government sworn in after the 2024 general elections, as per Rajan, must prioritise fixing these pending issues.
Raghuram Rajan is currently in India to promote his latest book 'Breaking The Mould'. He has co-authored the book with Rohit Lamba, an economist at Pennsylvania State University.
In December last year, Rajan, during an informal chat with former Congress chief Rahul Gandhi, said that India would be lucky to achieve 5 per cent growth.