Flagging the issue of lack of enough economists in the country, Reserve Bank Governor Raghuram Rajan has said that the inability to get quality talent may be hurting policy-making. After inaugurating the Meghnad Desai Academy of Economics in Mumbai, Mr. Rajan said that the country has lost a generation of economists and that there is a tremendous need for capable economists. <br/><br/>Underlining the need for good economists to frame sensible policies, the RBI Governor said, a lot of policy-making is done without understanding the general equilibrium which is often the key contribution that an economist can make to the dialogue. Mr. Rajan, also stressed on the need for academic institutions to focus equally on research as well.<br/><br/>