Before Budget, Raghuram Rajan is worried about the big Indian middle class

The former RBI Governor says the rich have benefited the most from the economic recovery and that there is a need to focus on creating jobs for the less-educated.

Before Budget, Raghuram Rajan is worried about the big Indian middle class

Hyderabad: Reserve Bank of India (RBI) Governor Raghuram Rajan on Saturday said that he was worried about the large Indian middle class, which aspires for a better life and better education for their children.

“I am worried about the large Indian middle class, which aspires for a better life and better education for their children. We need to create jobs for them,” he said at an event organised by the Indian School of Business (ISB) here.

Highlighting the need for creating jobs, Rajan said that India needs to grow at 8-9 per cent for the next 25 years to achieve the goal of becoming a developed nation.

“We need to create jobs for the large Indian middle class, which aspires for a better life and better education for their children. We need to grow at 8-9 per cent for the next 25 years to achieve the goal of becoming a developed nation,” he added.

The RBI Governor also said that the country needs to focus on improving the quality of education and healthcare services.

“We need to focus on improving the quality of education and healthcare services. We need to create a society where everyone has an equal opportunity to succeed,” he said.

Highlighting the importance of technology in improving the lives of people, Rajan said that India needs to embrace new technologies and use them for the benefit of society.

“We need to embrace new technologies and use them for the benefit of society. We need to create a society where everyone has access to technology and can use it to improve their lives,” he said.