Tweakonomics: Guv gaffe

Tweakonomics: Guv gaffe: The metaphorical faux pas of the RBI governor...





Rajan’s communication skills

This refers to Manasi Phadke’s piece “Guv gaffe” ( Business Line, Tweakonomics, May 2). I believe, India has immensely benefited from the communication skills of Dr Raghuram Rajan ever since he returned to India in 2013. Whether he is making a speech in an international forum or interacting with students in an educational institution somewhere in Kerala, Dr Rajan talks with the ease of a professor addressing his students in a classroom. This gives him a prominent position among the trio comprising himself, Prime Minister Modi and Arvind Kejriwal who together woke up the giant in India during the current decade.
While Kejriwal combined the civil services discipline and the ability to look at things in right perspective to create awareness about the mess in which the greed of the rich and the powerful had landed this country and Modi reinforced the capacity of the country to stand up and talk in international community on India’s terms, Dr Rajan takes care of ensuring that the Indian financial sector takes regular health checks to ensure sustainable economic growth. His catch phrases ‘A pig doesn’t become beautiful by applying lipstick’, ‘Make for India’, ‘Don’t fixit, if it isn’t broken’, reference to ‘traffic signal’approach to monetary policy management by central banks and so on to the present reference to the ‘one eyed’ king have much deeper messages which the audience do appreciate and ponder over for long. These are used by Rajan the teacher (which role was appreciated by Prime Minister Modi when he attended a function at RBI during April 2015). 
As regards the ‘one-eyed man’ comment, which has now got a second ‘life’ after Chidambaram found a friend in Dr Rajan, one can only invite readers to download(from rbi.org.in) and read Dr Rajan’s NIBM Convocation Address, 2016 in which RBI Governor has devoted some time to explain the context and content of that quote and how it was received by a section of critiques who were not very familiar with such sayings.

M G Warrier, Mumbai

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