Sinha and Raghuram Rajan advised on introducing mortgage tax deduction
Jayant Sinha · Digi Yatra, AQI, UDAN Scheme, And India's Net Zero Goals | Jayant Sinha | The Neon Show Podcast · Feb 28, 2025 · at 9:55
Former Indian Minister of State Jayant Sinha discusses his early involvement in economic policy alongside economist Raghuram Rajan advising his father, former Finance Minister Yashwant Sinha.
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“Raghuram Rajan and I, and we are, of course, very good friends from our IIT days Raghuram Rajan and I advised my father that we should have a mortgage interest tax deduction. Because that would make mortgages much more affordable. It would reduce the cost of housing. So that was a suggestion we gave to my father. He implemented it in his budget, and then EMIs come away, housing affordable, and a huge housing boom in India, because we brought down the cost of housing.”
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