Raghuram Rajan: Excessive centralisation of power one of India's main problems
Excessive centralisation of power in the political decision making is one of India's main problems, former RBI Governor Raghuram Rajan has said, as he highlighted the recent unveiling of the 'Statue of Unity' as an example of the project that required the approval of the Prime Minister's Office.
Rajan said an example of this was the quantum of decisions that required the assent of the Prime Minister's Office. Image courtesy: Reuters