I am not a superman, says Raghuram Rajan | Business Line
I am not a superman, says Raghuram Rajan | Business Line
Online comments posted on October 14, 2013:
Online comments posted on October 14, 2013:
The ‘euphoria’ surrounding Dr Raghuram Rajan is
multi-dimensional. His educational background, career progression so far
and the young age at which he has become
RBI Governor may have helped him get initial attention. But what make the
common man and stakeholders look forward to his next move or read more meaning
into his observations are the abundance
of common sense in his approach and willingness to listen.
Dr Rajan’s present position will give strength to his
observations and arguments which were all along been the result of deep study
and analysis. Damodaran observed in his
recent report on ‘Reforming the Regulatory Environment for Doing Business in
India’ that “If all you have is a hammer, everything looks like a nail! Such
are the concerns relating to raising economic growth that everything in the
business environment seems to be a candidate for reforms.”
No wonder, in such a chaotic phase of development, when
someone who can understand India-specific development issues from an
international perspective and speak a language which will be clear to
economists, politicians and common man in the same measure, India will pamper
and support him and look forward to his next move.
People will easily expand his observation “I think, with
the financial sector reforms, coupled with the real sector reforms, growth
turnaround should be on its way” to mean much more than an expression of faith.
M G Warrier, Mumbai
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