Economists Criticize Rising Intolerance in Modi's India
Top economists have now joined the rapidly growing ranks of Indian writers, historians and other intellectuals warning Modi government of the negative consequences of rising intolerance for the entire nation. Billboard During Modi's Silicon Valley Visit The Wall Street Journal reported that India's chief central banker Raghuram Rajan "made an unusual appeal for tolerance in a speech Saturday, triggering a debate about whether he was trying to send a message to the country’s leaders". “The first essential is to foster competition in the market place for ideas,” Gov. Rajan told students at his alma mater, the Indian Institute of Technology in New Delhi. “Without this competition for ideas, we have stagnation.” Arun Shouri, BJP leader who has previously served as a federal minister and worked as World Bank economist, joined the criticism of the Modi government when he said: "there is clearer belief (in the Modi government) that managing the econo...