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Excessive centralisation of power one of India's main problems: Raghuram Rajan
Excessive centralisation of power in the political decision making is one of India's main problems, former RBI Governor Raghuram Rajan has said, as he highlighted the recent unveiling of the 'Statue of Unity' as an example of the project that required the approval of the Prime Minister's Office. Speaking at the University of California in Berkley on Friday, Rajan said part of the problem in India was that there is an excessive centralisation of power in the political decision making.
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