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With terror attacks and war-like situation in various countries hogging the talk time at WEF Annual Meeting here, RBI Governor Raghuram Rajan today revealed his own take on the subject. Check out top 5 points to note on that and much more: (AP)
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1. Raghuram Rajan: War does create opportunity for growth, but it certainly destroys your GDP. I am sure people would love to have bigger GDP rather than a higher growth. I don't think war is an option. (He was replying to a question on whether the countries should create war funds to fight wars rather than printing more money.) (AP)
2. Raghuram Rajan: Monetary policies alone cannot change the world. Governments need to create an underlying framework for growth in the long term for the world economy. (AP) 
3. Raghuram Rajan: Governments across the world need to realise that there are various other tools to carry forward reforms and boost growth. (AP) -
4. Raghuram Rajan: The good news across the world is that we have realised that monetary policies are not going to change the world and there is much more to the reforms. Not just enabling but also creating the underlying framework for growth is the one which will take us a long way. (AP)
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5. Raghuram Rajan: Problem is monetary policies get into all… Risks do build up when we change the monetary policy stance. There have been cases when impact has been seen on oil prices. Reverse impact on asset prices is a concern when the rate stance changes and there are bigger concerns such as those emanating from the corporates getting into over-leveraging of loans.(AP)
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