We're going fast down old China path: Rajan on India's PLI scheme

Former RBI Governor Raghuram Rajan, while talking about India's Production Linked Incentive (PLI) scheme, said, "Our sense is we're going fast down the old China path." "The problem with this vision is that the world has...moved on," Rajan told Moneycontrol, adding, "Why are we so fixated on manufacturing chips when...the design is where the high-end of value added is?"