Sugandhi Rajan Quotes

I made a mistake,
to learn from it,
not for you to critize ~ Anish Rajan

A book is almost always a collective effort, even if it has only a single author. ~ Raghuram G. Rajan

Not taking risks one doesn't understand is often the best form of risk management. ~ Raghuram G. Rajan

Be afraid of nothing but be aware of everything. ~ Rajan Shrestha

The best things in life are FREE and available in abundance..." said the Master. ~ Vivek Rajan Vivek

Apart from the added efficiency, the willingness to be ruthless helps innovation. Past experience and relationships are of little value in driving radical innovation: indeed, ~ Raghuram G. Rajan

We have to be careful of not injecting more uncertainty than economy can handle ~ Raghuram Rajan

We have very stable, solid economy; we are going through challenging times. ~ Raghuram Rajan

Cynical as it may seem, easy credit has been used as a palliative throughout history by governments that are unable to address the deeper anxieties of the middle class directly. ~ Raghuram G. Rajan

A forced equalization of wages that disregards the marginal contributions of different workers will deaden incentives and lead to a misallocation of resources and effort. ~ Raghuram G. Rajan

Don't say sorry for the past , don't be worried for the future , live in the present , the happiness is always with you . ~ Acharya Rajan Sharma

And more than the quality of its institutions, what distinguishes a developed country from a developing one is the degree of consensus in its politics, and thus its ability to take actions to secure a better future despite short-term pain. ~ Raghuram G. Rajan

Politicians today vow, "Never again!" But they will naturally focus only on dealing with a few scapegoats, not just because the system is harder to change, but also because if politicians traced the fault lines, they would find a few running through themselves. ~ Raghuram G. Rajan

I thought there might be some grand design I did not understand, but the government's policy clearly was not working, because India was still poor. I was determined to learn more, so I became interested in economics. This book is another unintended consequence of the government's policies. ~ Raghuram G. Rajan

Destruction is a man's will,
Nevertheless Prevention is also a man's will,
Its a man's choice to choose between Destruction and Prevention. ~ Babu Rajan

A modern, sophisticated financial sector...seeks ways to exploit government decency, whether it is the government's concern about inequality, unemployment, or the stability of the country's banks. The problem stems from the fundamental incompatibility between the goals of capitalism and those of democracy. And yet the two go together, because each of these systems softens the deficiencies of the other. ~ Raghuram G. Rajan

We have long understood that it is not income that matters but consumption. Stripped to its essentials, the argument is that if somehow the consumption of middle-class householders keeps up, if they can afford a new car every few years and the occasional exotic holiday, perhaps they will pay less attention to their stagnant monthly paychecks. ~ Raghuram G. Rajan

For nearly two centuries, scholars and politicians have debated the future of capitalism. Its critics, most prominent among them Karl Marx, have seen capitalism as intrinsically unstable, full of contradictions that will lead eventually to its collapse. Its supporters see it as the best way to allocate resources and rewards. Some even hint that the democratic capitalistic society is not just a phase in the historical evolution of economic systems but its ultimate end. ~ Raghuram Rajan

For example, Shawn Cole, a professor at Harvard Business School, finds that Indian state-owned banks increase their lending to the politically important but relatively poor constituency of farmers by about 5 to 10 percentage points in election years.51 The effect is most pronounced in districts with close elections. The consequences of the lending are greater loan defaults and no measurable increase in agricultural output, which suggest that it really serves as a costly form of income redistribution. ~ Raghuram G. Rajan

I think the willingness to listen is really a matter of confidence. You can't be so superconfident in your abilities that you ignore what others say, and you can't be so diffident in your abilities that you think that if they say something, you will be so taken in that you will do the wrong thing. When you are confident about your abilities and also fully aware of what you don't know you are willing to listen to outside experts with the full sense that if you don't find it worthwhile you will ignore it. ~ Raghuram Rajan

If you want to conquer the stress,anger and illusion of life, live in the moment, enjoy your breathing, count your blessings. ~ Bhimsen Sapkota

I was born in 1957 as the second son of the late Sat Paul and Lalita Mittal. My father was a politician and, at one point of time, an MP. A gap of two years separates me from both my elder brother Rakesh and younger sibling Rajan. ~ Sunil Mittal