Raghuram Rajan report card: It's actually too early to tell whether he was an effective RBI governor
Description
The economist seeded several important initiatives but many will take a while to play out. The Reserve Bank of India seems to disappoint perceptions in most instances. When Duvvuri Subbarao, the previous central bank governor, came in, he was seen as a man from the finance ministry, one planted to toe the government's line. But we saw him declare independence and act as the RBI Governor should – informed, independent and on technical rather than political considerations. It's been the same with Raghuram Rajan. He came into the office as a relatively young academic with an international perspective. Unlike his predecessors, he had a reputation that preceded him: he had authored a report on the reform of the financial sector in which his positions were well articulated. Read more at: https://scroll.in/article/810249/raghuram-rajan-report-card-its-actually-too-early-to-tell-whether-he-was-an-effective-rbi-governor
Copyright Date
June 2016
Publication Date
20-6-2016
Publication Title
Scroll.in
Publisher
Scroll Media Incorporation
Keywords
Economics, RBI Governor, Financial sector, Financial services, Financial inclusion
Source Link URL
https://scroll.in/article/810249/raghuram-rajan-report-card-its-actually-too-early-to-tell-whether-he-was-an-effective-rbi-governor
