Country’s top economist and RBI governor Raghuram Rajan may be unpopular with the power center of India as he does not like to be dictated. However, the debonair financial guru deserves another term if our economy has to survive the financial crisis our country is facing at the moment with most PSU banks reeling under NPA’s and inflation affecting every citizen of the country. The man with a vision for future events shocked the world in 2005 when he predicted the financial depression and crisis of 2008. Prime Minister Narendra Modi should take his top ministers into confidence and give Rajan a second term as RBI governor to streamline our economy to the path of progress and development.
Changing the pilot in turbulent times would mean disaster and Raghuram Rajan is the man of the hour to steer India out of the mess which the previous government had piled up over the years. Professor Rajan is a man of ideas, upright in his thinking and master in converting his vision into a reality. His actions may be ‘poison’ to many but you have to take bitter medicines to cure life threatening diseases and our economy today can be compared to it with drought like situation all around and corruption the order for the day!
(The views expressed by the author in the article are his/her own.)