"Hopefully he will get goodwill," former RBI -Governor Rangarajan said on Trump's economic policy

Updated: Fri, 12 Sep 2025 09:45 PM (IST) Former Reserve Bank of India Governor C. Rangarajan said that Donald Trump’s economic policy is suicide for global trade and that India is affected by them. He talked about the rise of business groups from different countries, which should be the final goal of promoting world trade. Rangarajan emphasizes the collective efforts of government and society for the vision of developed India. Digital Desk, New -Delhi. Former Reserve Bank of India, Governor C. Rangarajan, said on Friday that some economic policy of US President Donald Trump has stopped world trade, but is also suicide in the US. Remove advertisement just read the news, during the 15th initiation ceremony of the ICFAI Foundation for Higher Education, Rangarajan said without mentioning Brics that the rise of such groups of different countries is indispensable, between trade more, but the final goal should be the world with a more free trade. “Hopefully he will be goodwill,” Rangarajan, president of the Prime Minister’s Economic Advisory Board, said: ‘There is revolution in the world today. Some economic policy of President Trump has established world trade. Hopefully they will get goodwill and US policymakers will realize that the policy they want to adopt is suicide. India is the most affected by them. ‘ According to Rangarajan, the growth rate of India is uneven, as six states (Maharashtra, Tamil Nadu, Karnataka, Uttar Pradesh, Gujarat and Bengal) contribute 52 percent to national income, while the remaining states contribute 48 percent. For example, Goa’s per capita revenue is ten times more than Bihar. Rangarajan, The Nominal Growth Rate Required for Developed India, said that the required nominal growth rate is shocking by various states to reach the per capita income of $ 18,000 (to make india a developed nation) – Tamil Nadu – 8.71 Percent, Gujarat – 9.63 PERCENT, Karnataka – 8.77 Percent, Maharashtra – 9.53 Percent, Maharashtra – 9.53 Percent, Bihar – 17.4 percent and 14.5 percent. Rangarajan needs the need for collective efforts that the vision of developed India is not just the purpose of numbers, it must be a transformative journey that requires the collective efforts of government and society. Focusing on five areas increases an investment rate by two percent for the necessary high growth. Take on new techniques to stay competitive. Focus on relatively labor-dominated areas for employment. To expand infrastructure such as health and education. Strengthen the quality and effectiveness of education. (With the news agency PTI inputs)