Curb your debts to prepare for the next pandemic, Rajan tells US
Former RBI Governor Raghuram Rajan cautioned against escalating global debt levels, particularly in the US, emphasizing their vulnerability to future crises like pandemics. He stressed the need for countries to prioritize debt reduction during periods of economic stability to create a buffer for emergencies and facilitate mutual aid, highlighting the urgency of addressing this issue.
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Former RBI Governor Raghuram Rajan cautioned against escalating global debt levels, particularly in the US, emphasizing their vulnerability to future crises like pandemics. He stressed the need for countries to prioritize debt reduction during periods of economic stability to create a buffer for emergencies and facilitate mutual aid, highlighting the urgency of addressing this issue. 
