Founder, CEO and Editor-in-Chief Atul Singh interviews Professor Viral Acharya, the former Deputy Governor of the Reserve Bank of India (RBI), about why India’s economic growth has slowed recently. If they do not see higher incomes, the financial sector transfers money from the rich to the poor through unsecured consumer credit. The states of Uttar Pradesh, Bihar and Bengal, in India’s hinterland, do not generate enough high-quality jobs. Given the economy's current low base, India should aim for higher growth rates. What about the falling rupee and FIIs leaving the Indian marketThe volatility of the rupee has been too low.