........The
level of hype which marked his entry into Mint Street has never been
seen earlier. But Rajan does have the potential to emerge as a fine and
successful governor, with some luck and given his intellectual ability.
But as Rangarajan who headed the committee which chose Rajan as chief
economic adviser says, when an academic takes on an executive position,
he has to find answers immediately. According to the former RBI
governor, an academic who takes on an executive assignment will have to
apply his knowledge and find solutions swiftly as there is no luxury of
time in the real world unlike in academia. So what will count is
delivery not intellectual heft...........
Read - ET
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