Dear Professor Raghuram Rajan,
Congratulations on joining the crew of Indian policy makers as chief economic advisor (CEA). It is high time the ministry of finance (MoF) had a practical and realistic macro framework.....
.......Indian finance ministers cannot resist public comments about what the Reserve Bank of India (RBI) should and/or will do, even if they sometimes sound foolish. Perhaps taking a lead from them, several MoF officials mimic that approach, never mind that they cannot set their own fiscal house in order. I hope you’ll successful in bringing around a refreshing change in this respect. Financial markets are becoming more important, and the last thing one needs is an airing of differences in public or even an active undermining of the RBI.......
Read - BS
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