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Old June 18th, 2016, 08:58 PM
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Re: Raghuram Rajan - India's hope to the financial crisis?

He has officially decided to go back to academicia.
Dr Swamy is happy and Ndtv is pitching as if it is the end of the road.

My usual confused/ balanced* view is that he was not as bad as Dr Swamy painted him to be but his departure is not the end of the world. One detractor has pointed out that all the previous RBI governors were fools. Now that would also include a former PM. Other notables were RN Malhotra (his committee paved the way fur private insurers) C Rangarajan ( who went on to become the governor of AP) and Bimal Jalan.

*whichever way you look at it.
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