New Delhi: Former Reserve Bank of India (RBI) Governor Raghuram Rajan has targeted the Modi government. Raghuram Rajan has said that a man cannot run India's economy on his own. India's economy has become very large. It cannot be run by a person and we have all seen the example of this.

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Significantly, Rajan has given statements in this regard many times that if one person takes decisions about the economy then it will prove fatal. Raghuram Rajan said that increasing the fiscal deficit will have a negative impact on the Indian economy, which may take a long time to come out. Giving a lecture at Brown University, Rajan has said that there is still an atmosphere of lethargy due to the government not taking any concrete steps in relation to the economy.

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He said that in the first quarter of 2016, the growth rate was near nine percent, which has now come down to 5.3 percent. The financial sector and power sector in the country need assistance, but in spite of this, new sectors were not taken care of to increase the growth rate. The instability environment in the financial sector is a symptom, not a fully responsive one.

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