PoliticsPhoto: Deccan HeraldFormer RBI Governor C Rangarajan Urges India to Recalibrate Development Strategy
Former RBI Governor C Rangarajan emphasized the need for India to revise its development strategy to handle crises like the Strait of Hormuz blockade. Speaking at ICFAI Foundation's 16th convocation in Hyderabad, he advocated building reserves of key commodities such as oil, reducing reliance on imports, and focusing on innovation. He cited US tariffs and US-Iran tensions as shocks to global trade and warned of ongoing risks if conflicts persist.
Deccan Herald··Hyderabad




