Raghuram Rajan, former governor of the RBI , on Wednesday cautioned against excessive public debt. Speaking to reporters in Rome, the one-time economic counsellor at the IMF said that nations like the US are susceptible to catastrophes in the future.

Former Reserve Bank of India (RBI) governor Raghuram Rajan has issued a stern warning about the rising levels of public debt, particularly in the US and other major economies, cautioning that unchecked borrowing could leave nations vulnerable to future crises,

Former RBI governor Raghuram Rajan warned that high public debt is a vulnerability for the US and other nations, especially in light of potential future pandemics. He urged for debt reduction to prepare for emergencies and facilitate mutual aid among countries.