Dr. Raghuram Rajan gave his famous 'Dosa Economics' theory while delivering the C.D. Deshmukh lecture at NCAER, New Delhi on Jan 29, 2016. The gist of the theory is that lower interest rate with lower inflation rate is better than the high interest rate with high inflation rate. For layman it means low inflation regime is better. To understand more go through this answer posted on Quora, 'What is Raghuram Rajan's dosa economics?'
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