Puja Mehra's interview with Montek Singh Ahluwalia: 'India’s changed faster since 1991'

Puja Mehra's interview with Montek Singh Ahluwalia: 'India’s changed faster since 1991': to assist him in the momentous exercise. As Dr. Singh subsequently went on to helm the United Progressive Alliance government, Mr. Ahluwalia took reins of the erstwhile Planning Commission, of which...


Excerpts:

"Bharatiya Janata Party MP Subramanian Swamy ran a campaign against Dr. Raghuram Rajan, which, it is widely believed, is one of the reasons that led him to announce he will not be seeking a second term at the Reserve Bank of India. Many people say he was “hounded out” by the BJP. Would you like to say something about Dr. Rajan’s stint in India and the manner of his departure?
I do not know what led Dr. Rajan to announce that he would be rejoining academia at the end of his term. However, I have no doubt that this is a great loss for India’s economic management team. Dr. Rajan has been an outstanding Governor, and has commanded a great deal of respect internationally. This is actually an asset for the country since a Central bank governor who commands respect gives credibility to policy pronouncements. He managed the crisis of 2013 extremely well and also started many things in the area of financial and monetary reform which need to be completed as quickly as possible."

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