Former RBI gov Raghuram Rajan speaks on global economy but keeps mum on demonetisation

Former RBI Governor Raghuram Rajan on Saturday delivered a lecture on the state of global economy but reportedly made no mention of the prevailing economic scenario in India or the controversial demonetisation drive.

The former IMF Chief Economist spoke on the topic "The Global Economy: Opportunities and Challenges" at the Indian Institute of Management-Ahmedabad (IIMA).

The lecture was the first of the annual IIMA-SRK lecture series. Shree Ramkrishna Knowledge Foundation is sponsoring the series with an objective to strengthen collaboration between industry and academia, said a release from the leading business school.

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Rajan, now serving as the distinguished service professor of finance at the University of Chicago Booth School of Business, is an alumnus of IIMA.

According to sources, Rajan was accompanied by his wife and met several other former students of the premier management institute. Rajan touched upon several aspects related to global economy but did not say anything about the prevailing economic scenario in India, they said.

The sources said the former RBI chief also made no reference to the Modi Government's cash recall exercise, announced on November 8, during his entire lecture, which was not open for the media.

The 53-year-old economist stepped down as RBI Governor in September at the end of his three-year term and returned to academia.