Raghuram Rajan is not an economist: Subramanian Swamy
BJP MP Subramanian Swamy has said Raghuram Rajan is not an economist, having no academic background in the subject. Rajan kept on increasing interest rates which led to substantial losses to small scale industries and increased unemployment, he added. Swamy further said former Finance Minister Manmohan Singh knew economics but he was "spineless" and didn't have "courage to take risks". 