Raghuram Rajan’s Dosa Economics

In 2013 while handling the post of Indian governer the well-known economist Raghuram Rajan proposed a theory named “Dosa economics”. Rajan said, “pensioners are demanding for high-interest-rate”. But according to him, they are unaware of the fact about there purchasing power, they can buy more even in the less money in the hand. So he […]