Rajan: Finance Commission Needs to Prioritize Local Body Funds

Former RBI Governor Raghuram Rajan says India needs to give more money to local governments like towns and villages.

He thinks the 16th Finance Commission should help with this.

Rajan believes this is important so these local areas can better solve their own problems.

He also discussed the Production Linked Incentive (PLI) scheme, saying it's hard to tell if it's creating many new jobs.

Rajan also talked about China limiting exports of materials and how India needs a plan to deal with such challenges, including potentially developing its own resources.