Former RBI Governor Raghuram Rajan isn’t impressed by India’s growth story; Here’s what he thinks we’re getting wrong

India is still clinging to the hope that it can replicate China's industrial rise. Former RBI Governor Raghuram Rajan says it's time to stop. In a wide-ranging interview, he lays out why manufacturing will not deliver the jobs India needs, why service-led growth offers more promise, and why decentralised governance and transparent policymaking are critical for the country to take full advantage of its demographic window before it closes.