The Indian Express reports:
"Rajan, himself is a renowned economist, said during a recent micro finance event, “I think Prahalad did a disservice by saying that there is a fortune at the bottom of the pyramid. “My sense is that you cannot, in good conscience, make a fortune at the bottom of the pyramid. Make reasonable profits, but if you start making a fortune, it does start raising societal anxiety about how the fortune is being made”.
Rajan has exhibited intellectual honesty and political incorrectness in correcting a widely-held thought.
"Rajan, himself is a renowned economist, said during a recent micro finance event, “I think Prahalad did a disservice by saying that there is a fortune at the bottom of the pyramid. “My sense is that you cannot, in good conscience, make a fortune at the bottom of the pyramid. Make reasonable profits, but if you start making a fortune, it does start raising societal anxiety about how the fortune is being made”.
Rajan has exhibited intellectual honesty and political incorrectness in correcting a widely-held thought.
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