On Raghuram Rajan

MY LETTER PUBLISHED IN THE LATEST ISSUE OF BUSINESS TODAY DATED JULY 31ST 2016

“Rexit”: A Tough Job for the Government

This refers to your well presented cover story on the Reserve Bank of India Governor Raghuram Rajan’s proposed exit from office (Rexit) once his term ends in September 2016 (Unfinished Agenda, July 17). Rajan’s exit proposal is being widely discussed in the country and has caught the imagination of the media and the masses. And the media coverage has made it a prestige issue for both the government and Rajan alike. The opposition parties are already pointing fingers at the government but that is understandable as they have their own axe to grind. All said and done, Rajan has done his job quite expertly so far, and his replacement will have a tough job in extracting the country and its economy from the morass it is in due to a few national and international issues. Taking his unfinished agenda of reforms to its logical conclusion should now be the top priority cutting across all party lines. Rajan has, indeed, left his imprint on policy making and let us hope whoever follows him does a good job.

J.S. Broca, New Delhi, 14TH JULY 2016

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