CINXE.COM

<!doctype html>   <html lang="en" prefix="og: http://ogp.me/ns#">  <head> <link rel="subresource" href="//cdn.citatis.com/css/main.min.vd417aeb3.css" /> <link rel="preconnect" href="https://cdnjs.cloudflare.com" /> <link rel="preconnect" href="//cdn.citatis.com/img/"> <link rel="preconnect" href="//pagead2.googlesyndication.com"> <link rel="preconnect" href="//www.google-analytics.com"> <link rel="preconnect" href="//googleads.g.doubleclick.net"> <link rel="preconnect" href="//securepubads.g.doubleclick.net"> <link rel="preconnect" href="//tpc.googlesyndication.com"> <meta http-equiv="X-UA-Compatible" content="IE=edge,chrome=1" /> <meta charset="utf-8" /> <meta name="viewport" content="width=device-width, initial-scale=1.0, minimum-scale=0.5, user-scalable=yes" /> <meta name="description" content="All Raghuram Rajan Quotes and Sayings - find your favorite inspirational quotes! The best thoughts from Raghuram Rajan, Economist from the India" /> <meta name="keywords" content="Raghuram Rajan, Economist, India, University Teacher,Banker, citatis, Raghuram Rajan quotes" /> <meta property="og:title" content="Raghuram Rajan Quotes" /> <meta property="og:type" content="website" /> <meta property="og:url" content="https://citatis.com/a500/" /> <meta property="fb:app_id" content="428075874317092" /> <meta property="og:site_name" content="Citatis.com" /> <meta property="og:description" content="All Raghuram Rajan Quotes and Sayings - find your favorite inspirational quotes! The best thoughts from Raghuram Rajan, Economist from the India" /> <meta name="twitter:site" content="@citatiscom"> <meta name="twitter:creator" content="@citatiscom"> <meta name="twitter:title" content="Raghuram Rajan Quotes"> <meta name="twitter:description" content="All Raghuram Rajan Quotes and Sayings - find your favorite inspirational quotes! The best thoughts from Raghuram Rajan, Economist from the India"> <link rel="apple-touch-icon" sizes="180x180" href="//cdn.citatis.com/img/apple-touch-icon.png" /> <link rel="icon" type="image/png" sizes="32x32" href="//cdn.citatis.com/img/favicon-32x32.png" /> <link rel="icon" type="image/png" sizes="16x16" href="//cdn.citatis.com/img/favicon-16x16.png" /> <link rel="manifest" href="//cdn.citatis.com/img/manifest.json" /> <link rel="mask-icon" href="//cdn.citatis.com/img/safari-pinned-tab.svg" color="#5bbad5" /> <meta name="theme-color" content="#ffffff" /> <link rel="stylesheet" media="screen" href="//cdn.citatis.com/css/main.min.vd417aeb3.css" />   <title>Raghuram Rajan Quotes and Sayings | Citatis</title> <link rel="canonical" href="https://citatis.com/a500/" />  <script async src="https://www.googletagmanager.com/gtag/js?id=UA-52815707-9"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'UA-52815707-9'); </script> <script async='async' src='https://www.googletagservices.com/tag/js/gpt.js'></script> <script> var googletag = googletag || {}; googletag.cmd = googletag.cmd || []; googletag.cmd.push(function() { if (screen.width > 1000) { googletag.defineSlot('/150025860/citatis-top', [[728, 90]], 'div-gpt-ad-1539479904694-0').addService(googletag.pubads()); googletag.defineSlot('/150025860/citatis-footer', [[728, 90]], 'div-gpt-ad-1539483707189-0').addService(googletag.pubads()); } else { googletag.defineSlot('/150025860/citatis-top', [[336, 280]], 'div-gpt-ad-1539479904694-0').addService(googletag.pubads()); googletag.defineSlot('/150025860/citatis-footer', [[336, 280]], 'div-gpt-ad-1539483707189-0').addService(googletag.pubads()); } googletag.defineSlot('/150025860/adsense-citatis-right', [[336, 280]], 'div-gpt-ad-1539482008349-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.enableServices(); }); </script> <script async src="//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js"></script> <script> (adsbygoogle = window.adsbygoogle || []).push({ google_ad_client: "ca-pub-2640316034442145", enable_page_level_ads: true }); </script> </head> <body itemscope itemtype="http://schema.org/WebPage"> <header> <button class="nav__menu-toggle collapsed" data-toggle="collapse" data-target="#navbar" aria-expanded="false" aria-label="Open site Navigation"></button> <button id="search_open" class="nav__search-open" aria-label="Site Search"></button> <a href="/" class="i-logo"><img src="//cdn.citatis.com/img/citatis_logo.svg" title="Popular Quotes" alt="Popular Quotes"></a> <nav class="panel"> <ul class="nav collapse" id="navbar" aria-expanded="false"> <li class="nav__item "> <a href="/topics/" role="button">TOPICS</a> </li> <li class="nav__item active"> <a href="/authors/" role="button">AUTHORS</a> </li> <li class="nav__item "> <a href="/day/" role="button">QUOTE OF THE DAY</a> </li> <li class="nav__item noactive"> <a href="#popup_auth" data-toggle="modal" role="button">FAVORITES</a> </li> <li class="nav__item--login"> <a href="#popup_auth" data-toggle="modal" role="button">LOG IN</a> </li> </ul> <form class="nav__search" id="nav__search" action="/search/" method="GET"> <input type="search" id="search" value="" name="q" required="" placeholder="SEARCH" aria-label="Enter search query"/> <button id="b_search" type="submit" class="i-search" title="search"></button> <i id="close" class="i-close" aria-label="Close Search form"></i> </form> </nav> </header> <div class="wrapper" id="body_wrapper"> <main> <section class="author__about hr__decorate" itemscope="" itemtype="http://schema.org/Person"> <div class="author__about__title"> <figure class="character-image"><img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"></figure> <h1 class="author__headline"><span itemprop="name">Raghuram Rajan</span> Quotes</h1> </div> <div class="author__about__description"> <p> <span itemprop="nationality"><a href="/nationality/in/">India</a></span>, <span itemprop="jobTitle"><a href="/profession/29/">Economist</a></span><br> <span itemprop="birthDate"> <a href="/born/feb-3/" title="Was Born">February 3</a>, <a href="/born/1963/" title="birthdate_year_title">1963</a></span></p><div class="cut" itemprop="description" id="author__description"> <p> Raghuram Govind Rajan (born 3 February 1963) is an Indian economist and an international academic who is the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. He was the 23rd Governor of the Reserve Bank of India between September 2013 and September 2016. Between 2003 and 2006, Rajan was the Chief Economist and Director of Research at the International Monetary Fund. In 2015, during his tenure at the Indian Reserve Bank he also became Vice-Chairman of the Bank for International Settlements. </p> <p> Also known as <a href="/profession/98/">University Teacher</a>, <a href="/profession/88/">Banker</a> </p> </div> <span class="more" id="auhtor_info_more" more="more" less="Less">more</span> <ul class="author__about__options"><li><a href="https://en.wikipedia.org/wiki/Raghuram_Rajan" class="i-wiki" target="_blank" itemprop="url" title="Wikipedia article about Raghuram Rajan"></a></li><li><a href="https://www.facebook.com/Raghuram-Rajan-468313276601001/" class="i-fb" target="_blank" itemprop="url" title="Raghuram Rajan Facebook page"></a></li><li><a href="https://twitter.com/ArunSFan" class="i-tw" target="_blank" itemprop="url" title="Raghuram Rajan Twitter account"></a></li></ul> </div> </section> <div class="switch"> <ul class="switch-view" role="menu"> <li id="switch_cards" role="menuitem" class="active"><i class="i-cards" title="view_as_cards"></i></li> <li id="switch_list" role="menuitem"><i class="i-list" title="view_as_list"></i></li> </ul> </div> <ul class="quotes--cards"> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/36d46/">Promoters do not have a divine right to stay in charge regardless of how badly they mismanage an enterprise, nor do they have the right to use the banking system to recapitalize their failed ventures.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="36d46"></button> </li> </ul> <ul class="quotes-item__share" data-id="36d46" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/36d46/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Promoters%20do%20not%20have%20a%20divine%20right%20to%20stay%20in%20charge%20regardless%20of%20how%20badly%20they%20mismanage%20an%20enterprise%2C%20nor%20do%20they%20have%20the%20right%20to%20use%20the%20banking%20system%20to%20recapitalize%20their%20failed%20ventures.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F36d46%2F" title="Share to Twitter"></button> </li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/0abb/">Uncertainty of any sort results in volatility, and Brexit will be no exception.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="0abb"></button> </li> </ul> <ul class="quotes-item__share" data-id="0abb" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/0abb/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Uncertainty%20of%20any%20sort%20results%20in%20volatility%2C%20and%20Brexit%20will%20be%20no%20exception.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F0abb%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/134/">Will</a></li> <li><a href="/topic/1291/">Results</a></li> <li><a href="/topic/3068/">Uncertainty</a></li> </ul>  </li> </ul><div class="banner--main">  <div id='div-gpt-ad-1539479904694-1'> <script> googletag.cmd.push(function() { var slot; var slotName = 'div-gpt-ad-1539479904694-1'; if (screen.width > 1000) { slot = googletag.defineSlot('/150025860/citatis-top', [[728, 90]], slotName).addService(googletag.pubads()); } else { document.getElementById(slotName).classList.add("banner--mobile"); slot = googletag.defineSlot('/150025860/citatis-top', [[336, 280]], slotName).addService(googletag.pubads()); } googletag.display(slotName); googletag.pubads().refresh([slot]); }); </script> </div> </div> <ul class="quotes--cards"> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/014f8/">A monopoly is like running on firm ground. Nothing compels you to move, but if you do, you move forward. The faster you run, the more scenery you see - so you have some incentive to run fast.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="014f8"></button> </li> </ul> <ul class="quotes-item__share" data-id="014f8" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/014f8/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=A%20monopoly%20is%20like%20running%20on%20firm%20ground.%20Nothing%20compels%20you%20to%20move%2C%20but%20if%20you%20do%2C%20you%20move%20forward.%20The%20faster%20you%20run%2C%20the%20more%20scenery%20you%20see%20-%20so%20you%20have%20some%20incentive%20to%20run%20fast.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F014f8%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/3575/">Running</a></li> <li><a href="/topic/959/">Forward</a></li> <li><a href="/topic/215/">Fast</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/26e42/">Not taking risks one doesn't understand is often the best form of risk management.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="26e42"></button> </li> </ul> <ul class="quotes-item__share" data-id="26e42" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/26e42/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Not%20taking%20risks%20one%20doesn%27t%20understand%20is%20often%20the%20best%20form%20of%20risk%20management.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F26e42%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/252/">Risk</a></li> <li><a href="/topic/1098/">Management</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/36d45/">On the retail side, I particularly want to emphasize the use of the unique ID, Aadhaar, in building individual credit histories. This will be the foundation of a revolution in retail credit.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="36d45"></button> </li> </ul> <ul class="quotes-item__share" data-id="36d45" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/36d45/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=On%20the%20retail%20side%2C%20I%20particularly%20want%20to%20emphasize%20the%20use%20of%20the%20unique%20ID%2C%20Aadhaar%2C%20in%20building%20individual%20credit%20histories.%20This%20will%20be%20the%20foundation%20of%20a%20revolution%20in%20retail%20credit.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F36d45%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/660/">Unique</a></li> <li><a href="/topic/812/">Revolution</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/22fbd/">Instead of abandoning competition and giving banks protected monopolies once again, the public would be better served by making it easier to close banks when they get into trouble. Instead of making banking boring, let us make it a normal industry, susceptible to destruction in the face of creativity.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="22fbd"></button> </li> </ul> <ul class="quotes-item__share" data-id="22fbd" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/22fbd/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Instead%20of%20abandoning%20competition%20and%20giving%20banks%20protected%20monopolies%20once%20again%2C%20the%20public%20would%20be%20better%20served%20by%20making%20it%20easier%20to%20close%20banks%20when%20they%20get%20into%20trouble.%20Instead%20of%20making%20banking%20boring%2C%20let%20us%20make%20it%20a%20normal%20industry%2C%20susceptible%20to%20destruction%20in%20the%20face%20of%20creativity.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F22fbd%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/765/">Giving</a></li> <li><a href="/topic/303/">Better</a></li> <li><a href="/topic/676/">Competition</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/36351/">I don't think policy makers surprise unnecessarily. You don't pick surprise as a part of your policy. Markets value a certain amount of predictability. But there are certain areas where surprise is a tool.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="36351"></button> </li> </ul> <ul class="quotes-item__share" data-id="36351" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/36351/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=I%20don%27t%20think%20policy%20makers%20surprise%20unnecessarily.%20You%20don%27t%20pick%20surprise%20as%20a%20part%20of%20your%20policy.%20Markets%20value%20a%20certain%20amount%20of%20predictability.%20But%20there%20are%20certain%20areas%20where%20surprise%20is%20a%20tool.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F36351%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/149/">Think</a></li> <li><a href="/topic/240/">Value</a></li> <li><a href="/topic/1133/">Surprise</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/38ad/">The Reserve Bank cannot just exist; its ability to say 'no' has to be protected.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="38ad"></button> </li> </ul> <ul class="quotes-item__share" data-id="38ad" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/38ad/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=The%20Reserve%20Bank%20cannot%20just%20exist%3B%20its%20ability%20to%20say%20%27no%27%20has%20to%20be%20protected.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F38ad%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/76/">Ability</a></li> <li><a href="/topic/958/">Exist</a></li> <li><a href="/topic/2006/">Bank</a></li> </ul>  </li> </ul> <div class="banner--main">  <div id='div-gpt-ad-1539479904694-2'> <script> googletag.cmd.push(function() { var slot; var slotName = 'div-gpt-ad-1539479904694-2'; if (screen.width > 1000) { slot = googletag.defineSlot('/150025860/citatis-top', [[728, 90]], slotName).addService(googletag.pubads()); } else { document.getElementById(slotName).classList.add("banner--mobile"); slot = googletag.defineSlot('/150025860/citatis-top', [[336, 280]], slotName).addService(googletag.pubads()); } googletag.display(slotName); googletag.pubads().refresh([slot]); }); </script> </div> </div> <ul class="quotes--cards"> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/223fb/">Indian cricket fans are manic-depressive in their treatment of their favorite teams. They elevate players to god-like status when their team performs well, ignoring obvious weaknesses; but when it loses, as any team must, the fall is equally steep, and every weakness is dissected.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="223fb"></button> </li> </ul> <ul class="quotes-item__share" data-id="223fb" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/223fb/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Indian%20cricket%20fans%20are%20manic-depressive%20in%20their%20treatment%20of%20their%20favorite%20teams.%20They%20elevate%20players%20to%20god-like%20status%20when%20their%20team%20performs%20well%2C%20ignoring%20obvious%20weaknesses%3B%20but%20when%20it%20loses%2C%20as%20any%20team%20must%2C%20the%20fall%20is%20equally%20steep%2C%20and%20every%20weakness%20is%20dissected.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F223fb%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/58/">God</a></li> <li><a href="/topic/300/">Team</a></li> <li><a href="/topic/1195/">Fall</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/1a93/">Central bankers have had enormous responsibilities thrust on them to compensate, essentially, for the failings of the political system. And my worry is we don't have sufficient tools to do that, but we're not willing to say it.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="1a93"></button> </li> </ul> <ul class="quotes-item__share" data-id="1a93" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/1a93/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Central%20bankers%20have%20had%20enormous%20responsibilities%20thrust%20on%20them%20to%20compensate%2C%20essentially%2C%20for%20the%20failings%20of%20the%20political%20system.%20And%20my%20worry%20is%20we%20don%27t%20have%20sufficient%20tools%20to%20do%20that%2C%20but%20we%27re%20not%20willing%20to%20say%20it.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F1a93%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/420/">Political</a></li> <li><a href="/topic/1525/">Worry</a></li> <li><a href="/topic/338/">Tools</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/1309b/">How do we get more politicians to move from 'fixing' the system to reforming the system? The obvious answer is to either improve the quality of public services or reduce the public's dependence on them. Both approaches are necessary.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="1309b"></button> </li> </ul> <ul class="quotes-item__share" data-id="1309b" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/1309b/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=How%20do%20we%20get%20more%20politicians%20to%20move%20from%20%27fixing%27%20the%20system%20to%20reforming%20the%20system%3F%20The%20obvious%20answer%20is%20to%20either%20improve%20the%20quality%20of%20public%20services%20or%20reduce%20the%20public%27s%20dependence%20on%20them.%20Both%20approaches%20are%20necessary.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F1309b%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/258/">Quality</a></li> <li><a href="/topic/1243/">Answer</a></li> <li><a href="/topic/1586/">Improve</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/227d6/">Common man is always benefited by a rate cut.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="227d6"></button> </li> </ul> <ul class="quotes-item__share" data-id="227d6" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/227d6/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Common%20man%20is%20always%20benefited%20by%20a%20rate%20cut.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F227d6%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/20/">Man</a></li> <li><a href="/topic/265/">Always</a></li> <li><a href="/topic/647/">Cut</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/111cd/">The U.S. should worry about the effects of its polices on the rest of the world. We would like to live in a world where countries take into account the effect of their policies on other countries and do what is right, broadly, rather than what is just right given the circumstances of that country.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="111cd"></button> </li> </ul> <ul class="quotes-item__share" data-id="111cd" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/111cd/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=The%20U.S.%20should%20worry%20about%20the%20effects%20of%20its%20polices%20on%20the%20rest%20of%20the%20world.%20We%20would%20like%20to%20live%20in%20a%20world%20where%20countries%20take%20into%20account%20the%20effect%20of%20their%20policies%20on%20other%20countries%20and%20do%20what%20is%20right%2C%20broadly%2C%20rather%20than%20what%20is%20just%20right%20given%20the%20circumstances%20of%20that%20country.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F111cd%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/115/">World</a></li> <li><a href="/topic/199/">Live</a></li> <li><a href="/topic/470/">Country</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/11e32/">In a competitive industry, only paranoid incumbents - those constantly striving for betterment - have any hope of surviving.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="11e32"></button> </li> </ul> <ul class="quotes-item__share" data-id="11e32" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/11e32/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=In%20a%20competitive%20industry%2C%20only%20paranoid%20incumbents%20-%20those%20constantly%20striving%20for%20betterment%20-%20have%20any%20hope%20of%20surviving.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F11e32%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/586/">Hope</a></li> <li><a href="/topic/2465/">Competitive</a></li> <li><a href="/topic/793/">Striving</a></li> </ul>  </li> </ul> <div class="banner--main">  <div id='div-gpt-ad-1539479904694-3'> <script> googletag.cmd.push(function() { var slot; var slotName = 'div-gpt-ad-1539479904694-3'; if (screen.width > 1000) { slot = googletag.defineSlot('/150025860/citatis-top', [[728, 90]], slotName).addService(googletag.pubads()); } else { document.getElementById(slotName).classList.add("banner--mobile"); slot = googletag.defineSlot('/150025860/citatis-top', [[336, 280]], slotName).addService(googletag.pubads()); } googletag.display(slotName); googletag.pubads().refresh([slot]); }); </script> </div> </div> <ul class="quotes--cards"> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/2de5/">I am a 10th class pass in Hindi. From 7th grade to 12th grade, I was in Delhi; before that, I was abroad. I came in not knowing a word of Hindi in 7th grade and learned Hindi and passed the exam in 10th. I think I was north of 50 percent, so I feel very proud of that accomplishment.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="2de5"></button> </li> </ul> <ul class="quotes-item__share" data-id="2de5" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/2de5/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=I%20am%20a%2010th%20class%20pass%20in%20Hindi.%20From%207th%20grade%20to%2012th%20grade%2C%20I%20was%20in%20Delhi%3B%20before%20that%2C%20I%20was%20abroad.%20I%20came%20in%20not%20knowing%20a%20word%20of%20Hindi%20in%207th%20grade%20and%20learned%20Hindi%20and%20passed%20the%20exam%20in%2010th.%20I%20think%20I%20was%20north%20of%2050%20percent%2C%20so%20I%20feel%20very%20proud%20of%20that%20accomplishment.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F2de5%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/191/">Proud</a></li> <li><a href="/topic/3071/">Accomplishment</a></li> <li><a href="/topic/37274/">Hindi</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/1455a/">I'm not a publicity hound, I hope.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="1455a"></button> </li> </ul> <ul class="quotes-item__share" data-id="1455a" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/1455a/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=I%27m%20not%20a%20publicity%20hound%2C%20I%20hope.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F1455a%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/586/">Hope</a></li> <li><a href="/topic/3069/">Publicity</a></li> <li><a href="/topic/3070/">Hound</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/0554/">To ensure stable and sustainable economic growth, world leaders must re-examine the international rules of the monetary game, with advanced and emerging economies alike adopting more mutually beneficial monetary policies.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="0554"></button> </li> </ul> <ul class="quotes-item__share" data-id="0554" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/0554/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=To%20ensure%20stable%20and%20sustainable%20economic%20growth%2C%20world%20leaders%20must%20re-examine%20the%20international%20rules%20of%20the%20monetary%20game%2C%20with%20advanced%20and%20emerging%20economies%20alike%20adopting%20more%20mutually%20beneficial%20monetary%20policies.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F0554%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/115/">World</a></li> <li><a href="/topic/301/">Game</a></li> <li><a href="/topic/322/">Growth</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/23c07/">Customers often value a good more when its price goes up. One reason may be its signaling value. An expensive handcrafted mechanical watch may tell time no more accurately than a cheap quartz model; but, because few people can afford one, buying it signals that the owner is rich.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="23c07"></button> </li> </ul> <ul class="quotes-item__share" data-id="23c07" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/23c07/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Customers%20often%20value%20a%20good%20more%20when%20its%20price%20goes%20up.%20One%20reason%20may%20be%20its%20signaling%20value.%20An%20expensive%20handcrafted%20mechanical%20watch%20may%20tell%20time%20no%20more%20accurately%20than%20a%20cheap%20quartz%20model%3B%20but%2C%20because%20few%20people%20can%20afford%20one%2C%20buying%20it%20signals%20that%20the%20owner%20is%20rich.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F23c07%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/92/">People</a></li> <li><a href="/topic/855/">Up</a></li> <li><a href="/topic/11/">Time</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/26e43/">If you are an outsider looking at India, learn to filter out both the irrational exuberance and the excessive pessimism. We're subject to both. You will become manic-depressive if you follow our moods.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="26e43"></button> </li> </ul> <ul class="quotes-item__share" data-id="26e43" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/26e43/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=If%20you%20are%20an%20outsider%20looking%20at%20India%2C%20learn%20to%20filter%20out%20both%20the%20irrational%20exuberance%20and%20the%20excessive%20pessimism.%20We%27re%20subject%20to%20both.%20You%20will%20become%20manic-depressive%20if%20you%20follow%20our%20moods.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F26e43%2F" title="Share to Twitter"></button> </li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/017e5/">Everyone may have some advise for the RBI. Some may advise, 'Cut your lending rates and raise the deposit rate.' How will a bank function? We take a medium term view. The bank has an 80-year-old history. I don't want to destroy it for a few decisions.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="017e5"></button> </li> </ul> <ul class="quotes-item__share" data-id="017e5" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/017e5/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Everyone%20may%20have%20some%20advise%20for%20the%20RBI.%20Some%20may%20advise%2C%20%27Cut%20your%20lending%20rates%20and%20raise%20the%20deposit%20rate.%27%20How%20will%20a%20bank%20function%3F%20We%20take%20a%20medium%20term%20view.%20The%20bank%20has%20an%2080-year-old%20history.%20I%20don%27t%20want%20to%20destroy%20it%20for%20a%20few%20decisions.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F017e5%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/1081/">May</a></li> <li><a href="/topic/255/">History</a></li> <li><a href="/topic/705/">Decisions</a></li> </ul>  </li> </ul> <div class="banner--main">  <div id='div-gpt-ad-1539479904694-4'> <script> googletag.cmd.push(function() { var slot; var slotName = 'div-gpt-ad-1539479904694-4'; if (screen.width > 1000) { slot = googletag.defineSlot('/150025860/citatis-top', [[728, 90]], slotName).addService(googletag.pubads()); } else { document.getElementById(slotName).classList.add("banner--mobile"); slot = googletag.defineSlot('/150025860/citatis-top', [[336, 280]], slotName).addService(googletag.pubads()); } googletag.display(slotName); googletag.pubads().refresh([slot]); }); </script> </div> </div> <ul class="quotes--cards"> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/33d6c/">The more that everyone has access to the same educational opportunities, the more society will tend to accept some receiving disproportionate rewards. After all, they themselves have a chance to be winners.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="33d6c"></button> </li> </ul> <ul class="quotes-item__share" data-id="33d6c" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/33d6c/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=The%20more%20that%20everyone%20has%20access%20to%20the%20same%20educational%20opportunities%2C%20the%20more%20society%20will%20tend%20to%20accept%20some%20receiving%20disproportionate%20rewards.%20After%20all%2C%20they%20themselves%20have%20a%20chance%20to%20be%20winners.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F33d6c%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/85/">Society</a></li> <li><a href="/topic/1069/">Opportunities</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/34579/">If economists were to wait for careful studies before offering opinions about policy, we would never have anything timely to say.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="34579"></button> </li> </ul> <ul class="quotes-item__share" data-id="34579" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/34579/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=If%20economists%20were%20to%20wait%20for%20careful%20studies%20before%20offering%20opinions%20about%20policy%2C%20we%20would%20never%20have%20anything%20timely%20to%20say.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F34579%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/148/">Opinions</a></li> <li><a href="/topic/928/">Wait</a></li> <li><a href="/topic/1542/">Economists</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/1231e/">Democratic accountability means that governments must be popularly accepted, with citizens empowered to replace corrupt or incompetent rulers.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="1231e"></button> </li> </ul> <ul class="quotes-item__share" data-id="1231e" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/1231e/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=Democratic%20accountability%20means%20that%20governments%20must%20be%20popularly%20accepted%2C%20with%20citizens%20empowered%20to%20replace%20corrupt%20or%20incompetent%20rulers.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F1231e%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/179/">Accountability</a></li> <li><a href="/topic/2173/">Corrupt</a></li> </ul>  </li> <li class="quotes-item" itemscope="" itemtype="http://schema.org/Quotation"> <blockquote itemprop="text"> <a href="/a500/25338/">The gap in India has always been between the promise and the execution.</a> </blockquote> <cite itemprop="spokenByCharacter" itemscope="" itemtype="http://schema.org/Person"> <a href="/a500/"> <figure class="character-image"> <img itemprop="image" src="//cdn.citatis.com/img/a/14/500.v5.jpg" alt="Raghuram Rajan"> </figure> <span class="cite-src" itemprop="name">Raghuram Rajan</span> </a> </cite> <ul class="quotes-item__options"> <li> <button class="i-favorite popup-toggle" onclick="event.stopImmediatePropagation(); $('#popup_auth').modal('show');" title="Add to Favorites" qid="25338"></button> </li> </ul> <ul class="quotes-item__share" data-id="25338" itemtype="quote"> <li> <button class="i-fb" data-url="https://www.facebook.com/share.php?u=https://citatis.com/a500/25338/" title="Share to Facebook"></button> </li> <li> <button class="i-tw" data-url="https://twitter.com/share?text=The%20gap%20in%20India%20has%20always%20been%20between%20the%20promise%20and%20the%20execution.&url=https%3A%2F%2Fcitatis.com%2Fa500%2F25338%2F" title="Share to Twitter"></button> </li> </ul> <ul class="quotes-item__tags"> <li><a href="/topic/2037/">Promise</a></li> <li><a href="/topic/1210/">India</a></li> <li><a href="/topic/2452/">Execution</a></li> </ul>  </li> </ul> <dl class="pagination" role="menubar"> <dd><span class="active">1</span></dd><dd><a href="/a500/?p=1" class="ajax" rel="next">2</a></dd><dd><a href="/a500/?p=2" class="ajax">3</a></dd><nobr><dd><span class="disabled">previous</span></dd><dd><a href="/a500/?p=1" class="ajax" rel="next">next</a></dd></nobr> </dl> </main> <aside> <div class="banner--aside"> <div id='div-gpt-ad-1539482008349-0'> <script> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1539482008349-0'); }); </script> </div></div><section class="tags--authors"> <h3>RELEVANT AUTHORS</h3> <ul> <li><a href="/a215/">Dan Shechtman</a></li><li><a href="/a249/">Xavier Rudd</a></li><li><a href="/a379/">Walter Dean Myers</a></li><li><a href="/a439/">Kate Grenville</a></li><li><a href="/a1084/">Carlisle Floyd</a></li> </ul> <a href="/authors/" class="tags__more">More Authors</a> </section> <section class="tags--themes"> <h3>RELEVANT THEMES</h3> <ul> <li> <a href="/topic/322/"> Growth </a> </li> <li> <a href="/topic/676/"> Competition </a> </li> <li> <a href="/topic/115/"> World </a> </li> <li> <a href="/topic/57/"> Good </a> </li> <li> <a href="/topic/92/"> People </a> </li> </ul> <a href="/topics/" class="tags__more">More Topics</a> </section> </aside>  </div> <footer> <div class="banner--main"> <div id='div-gpt-ad-1539483707189-0'> <script> var slotName = "div-gpt-ad-1539483707189-0"; if (screen.width <= 1000) { document.getElementById(slotName).classList.add("banner--mobile"); } googletag.cmd.push(function() { googletag.display(slotName); }); </script> </div></div> <div class="footer"> <p class="footer__copyright">© Citatis, 2017-2025. <wbr />Created by <a href="https://final-level.com/" target="_blank">Final Level</a>.</p> <ul class="footer__navbar" role="menubar"> <li role="menuitem"><a href="/terms/" class="active">Terms</a></li> <li role="menuitem"><a href="/privacy/">Privacy</a></li> <li role="menuitem" class="footer__navbar__add"><a href="#popup_auth" data-toggle="modal" role="button">Add Quote</a></li> <li role="menuitem"><a href="/widgets/">Widgets</a></li> </ul> <p class="footer__social"> Follow us on: <br /> <a href="https://www.facebook.com/citatiscom/" class="i-fb" title="Facebook" target="_blank"></a> <a href="https://twitter.com/citatiscom/" class="i-tw" title="Twitter" target="_blank"></a> <a href="https://www.instagram.com/citatis_com/" class="i-inst" title="Instagram" target="_blank"></a> </p> </div> </footer> <div class="modal _login fade" id="popup_auth" tabindex="-1" aria-labelledby="myModalLabel_0" aria-hidden="true" role="dialog"> <div class="modal__dialog"> <div class="modal__content"> <button class="i-close" data-dismiss="modal" aria-label="Close" aria-hidden="true"></button> <h3 class="modal__heading" id="myModalLabel_0">Log in, please</h3> <p> Authorization is only required to store your personal settings and favorites. </p> <div class="login__agreement" id="login_agree"> <input type="checkbox" id="user-agree"> <label for="user-agree">I have read and agree with the</label> <a href="/terms/" target="policy">Terms</a> &  <a href="/privacy/" target="policy">Privacy</a> </div> <p> Log in with: </p> <div class="login__social-buttons"> <a href="/social/redirect/1/" class="i-fb disabled" title="Facebook"></a> <a href="/social/redirect/3/" class="i-google disabled" title="Google"></a> <a href="/social/redirect/2/" class="i-tw disabled" title="Twitter"></a> </div> </div> </div> </div> <div class="modal fade" id="popup_embed" tabindex="-1" aria-labelledby="popup_embed_0" aria-hidden="true" role="dialog" style="display: none;"> <div class="modal__dialog"> <div class="modal__content"> <button class="i-close" data-dismiss="modal" aria-label="Close" aria-hidden="true"></button> <h3 class="modal__heading" id="popup_embed_0">Code for embedding the Quote anywhere</h3> <form> <p> <label for="quote_code"> Use this code for embedding the Quote anywhere </label> </p> <p> <textarea id="quote_code" rows="7" readonly="readonly" onclick="this.focus();this.select();"></textarea> </p> <button id="copy_embed" type="button" class="button">Copy the Code</button> </form> </div> </div> </div> <div class="panel alert--cookies collapse in" id="alert_cookies" role="alertdialog"> <span> This site uses <a href="/privacy/">cookies</a>. By continuing to use this website, you agree to our policies regarding the use of cookies. </span> <span class="action"> <input type="button" id="agree_cookies" data-toggle="collapse" data-target="#alert_cookies" aria-expanded="true" value="I agree"> </span> </div> <script src="//cdn.citatis.com/js/jquery.js"></script><script src="//cdn.citatis.com/js/history.min.vd53c7a13.js"></script><script src="//cdn.citatis.com/js/citatis.min.v81864d4f.js"></script><script src="//cdn.citatis.com/js/bootstrap.min.v6ac5a32f.js"></script> </body> </html>