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:

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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