With terror attacks and war-like situation in various countries hogging the talk time at WEF Annual Meeting here, RBI Governor Raghuram Rajan today said wars should never be seen as opportunities to push economic growth.
“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,” Rajan said at a session on ‘the growth illusion’.
He was replying to a question on whether the countries should create war funds to fight wars rather than printing more money.