Former Reserve Bank of India governor Raghuram Rajan has said that India's fiscal deficit 'conceals' a lot and is probably pushing the country to the brink of a 'worrisome' situation.

While delivering OP Jindal lecture at Brown University, the former RBI governor said the uncertainty about the overall economic vision at the top rungs is causing deep distress in the Indian economy. "India has slowed considerably from the go-go years before the financial crisis, but even from the 9% growth in the first quarter of 2016."

According to a report in The Print, Rajan said, “India is losing its economic way, in part because it is centralising power without a persuasive economic vision. We risk wasting the demographic dividend,” he said.

India’s growth dipped to a six-year low of 5% in the April-June quarter and is likely to be at 5.3% in the July-September quarter.