“Ultimately, in the long run we need to immunise our system from being ...” — Raghuram Rajan Quote

Ultimately, in the long run we need to immunise our system from being overly responsive to fluctuations in the exchange rate; that is, people should, by and large, be reasonably hedged, or they should borrow more in domestic currency rather than foreign currency.

In India, we say one thing, and we do something else.

To ensure stable and sustainable economic growth, world leaders must re-examine the international rules of the monetary game, with advanced and emerging economies alike adopting more mutually beneficial monetary policies.

In a world with weak aggregate demand, countries are engaging in a futile competition for a greater share of it. In the process, they are creating financial-sector and cross-border risks that will become increasingly apparent as countries exit their unconventional policies.

I was deeply in love with David Soul from 'Starsky & Hutch' when I was 11 or 12. I used to borrow my mum's peach nighty and put some lipstick on and say I was going on a date with him. I made this little purse and would carry a picture of him in it and say he was my boyfriend.

If you needed to borrow a cup of sugar, you knocked on your neighbour's door.

Maybe if you and ten of your friends could pool your savings and borrow some money and actually buy some obscure station in Sonoma, and then take some chances and have some fun.

Instead of leading the world by how much we borrow, it's time that we make sure we lead the world in how much we build and create and invest.