Rajan Warned Modi Against Cash Ban, New Book Shows
- Costs of cash ban would outweigh benefits, Rajan had said
- ‘I made these views known in no uncertain terms,’ he wrote
Raghuram Rajan.
Photographer: Rafiq Maqbool/APThis article is for subscribers only.
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The man who predicted the 2008 global financial crisis also presaged the damage Prime Minister Narendra Modi’s unprecedented cash ban would cause to India’s economy.