'Parachute economist': Arvind Virmani says Raghuram Rajan talking as if he's never been to India

Former RBI governor Raghuram Rajan's comment that India is making a big mistake believing the 'hype' around its economic growth hasn't gone down well with several economists. NITI Ayog member and macroeconomist Arvind Virmani said the former RBI governor's comments seemed like those made by global experts who have never been to India. "During the 1990s BOP crisis, we used to have a word for visiting WB, IMF and other MDB economists: “Parachute economists” . Sad that a former RBI …