New Delhi, Aug. 28 -- Raghuram Rajan, the 23rd Governor of the Reserve Bank of India (RBI), has reacted to the 50 per cent tariffs imposed on India by the United States, saying this serves as a "wake-up call" for the Indian government. Raghuram Rajan has also said that the 50 per cent tariffs are indicating that the relationship between India and the US has "clearly broken down".

"This is a wake-up call. Let us not become dependent on any single country to a large extent. Let us look east, to Europe, to Africa, and continue with the US, but unleash reforms that will help us achieve the 8-8.5% growth needed to employ our youth," Raghuram Rajan said in an interview with India Today TV.

Raghuram Rajan said India is at disadvantage as the b...