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Raghuram Rajan Challenges Citrini Research's Gloomy India Prediction

Bloomberg Markets
Friday, February 27, 2026 at 7:13 AM
~4 min read

Original Report

Former RBI Governor Raghuram Rajan pushes back against Citrini Research’s alarming forecast that AI could devastate India’s IT sector and trigger wider economic stress. Speaking with Haslinda Amin...

Former RBI Governor Raghuram Rajan pushes back against Citrini Research’s alarming forecast that AI could devastate India’s IT sector and trigger wider economic stress. Speaking with Haslinda Amin and Bloomberg Senior Editor Menaka Doshi on Insight with Haslinda Amin, Rajan argues the report overlooks adaptation, exaggerates disruption speed, and ignores India’s strengths in engineering talent and services. He lays out where risks are real, where optimism is warranted, and what India must do now to prepare for an AI‑driven future. (Source: Bloomberg)

Glass House Analysis

This story reflects the interconnected nature of modern economic systems, where developments in one sector inevitably affect others. Understanding these connections is essential for grasping how policy decisions and market movements translate into real-world outcomes for families, workers, and communities. The economy is not an abstract system of numbers—it's the sum total of decisions about who works, who prospers, and who struggles.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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