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Rajan, in a Bloomberg interview, said it is unlikely that India will not be a developed economy by 2047 adding that it would be "nonsense" to talk of that goal "if so many of your kids don't have a high school education and drop-out rates remain high."
Former RBI governor Raghuram Rajan has come under fire for his remarks on India's growth and saying that there are significant structural problems that need to be fixed.