Expenditure on education, nutrition is a great investment: Rajan

Amid the heated political debate over freebies, former RBI governor Raghuram Rajan says he had written to the Election Commission of India as the RBI governor for some strictures on poll promises pertaining to loan waivers. Rajan says that allocating benefits for the poorest households is not a bad investment. “If I spend on better nutrition for kids or provide them good schooling, it is a great investment,” Rajan says during an exclusive interaction with Fortune India.