Why India is not Nearing a Crisis

India has several problems but an impending economic crisis isn’t one of them, the country’s top central banker said emphatically Thursday.

“There’s no way we are close to being a country in financial or economic crisis,” Reserve Bank of India Governor Raghuram Rajan told CNNi’s Richard Quest. “There’s not a chance we will go to the IMF for money in the next 5 years.”

The comments came at CNN’s Debate on the Global Economy, an event held in conjunction with the World Bank and International Monetary Fund’s annual meeting in Washington D.C.


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