..........This view on Rajan's exit is as inflated as the finance world's forecasts — because the conclusion is more driven by what they want to see, rather than seeing what lies in front of them. The premise is there will be a blow-up of differences between the pro-business Narendra Modi as PM, who would want lower interest rates, and the staunch monetarist Rajan, who keeps rates high to tame inflation. ...............
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1 comment:
RBI Governor is not a gubernatorial post in the sense that the Government would like to change the person on perceptions rather than objectives and objectivity. The ET is right.
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