After the recent hike in rates, the air of uncertainty surrounding the financial sector and controlling runaway inflation, there is even more interest in who’ll be the next RBI Governor after D. Subbarao retires in September. While one school of thought is backing an extension for Mr Subbarao, there are others who have new candidates in mind. Among the names currently doing the rounds are Kaushik Basu, economic adviser in the finance ministry, who, though, is keen to get back to academia; Raghuram Rajan, Economic Adviser to the Prime Minister; Ashok Lahiri, currently on the board of the Asian Development Bank; and Economic Affairs Secretary R. Gopalan. This kind of phenomenal line-up of quality should daunt any selection panel. Babu watchers, especially those who are backing a second term for Mr Subbarao, believe that since Mr Subbarao has had no major run-ins with the government on policy matters, he may stand a chance to get to continue in his current position.
The Asian Age
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