Economist Raghuram Rajan Warns India Against Overconfidence in Economic Growth

Eminent economist Raghuram Rajan cautioned India against succumbing to its own 'hype' regarding the nation's recent economic upturn. Despite his advisories, the impact of unchecked enthusiasm is not to be underestimated, with historical references to the concept of 'animal spirits' serving as a reminder. This phenomenon mirrors the fervent attitudes currently observed within India.