With monsoon finally here, I sat cuddled in my bed with a cup of coffee, reading news about the exit of our very own RBI governor, the dapper Tamilian Raghuram Rajan. My friend suddenly notices my T-Shirt and goes “What the hell have printed on your T-shirt… your name and these numbers? Are you into those psychics? Oh wait! Are these your tenth standard grades? Show-off!!”
I reply, “Yes, I have taken this precautionary measure. Now I don’t have to give anyone a long-winded answer about my educational qualifications. I can just say, ‘Been there, done that, got the proverbial T-shirt.”’
Sadly, the longest possible thing after “Kyunki Saas Bhi Kabhi Bahu Thi”, seems to be the frenzy regarding educational qualifications – whether it is about Mrs Smriti Irani, or our very own PM. Ironically, on the other hand, people are petitioning to remove the one man truly qualified for his job, the man who has even more degrees than Mr Kejriwal: Mr. Raghuram Rajan. BJP MP Subramanian Swamy, who is also an economist along with being a fellow Tamilian, has written to the Prime Minister asking for Mr Rajan’s services to be terminated, not because he has forged his qualifications, but simply because, in Mr Swamy’s words, he is “mentally not Indian enough”.(I guess I need to get an “I am an Indian” T-shirt printed as well)
The one way Mr S.Swamy can have his doubts cleared as to who is better of the two is to either throw complex mathematical differential equations at each other and see who can solve them more accurately or simply take part in a lungi dance-off!!
Jokes apart, in my opinion, his exit from the Indian Financial Markets would be our loss- a major one. The few reasons being:
Mr. Raghuram Rajan Is Revered All Over The World As One Of The Best Financial Analyst.
Mr. Raghuram Rajan, often called the ‘James Bond’ of world economy and correctly so because of his bold and decisive moves which many bankers shy away from. Apart from predicting serious gaps in the US economy in 2005, Mr. Rajan has led various initiatives as the top banker in the RBI.In his book titled ‘Fault Lines’, he broke down how recession would affect the economies worldwide and the exact same sequence unfolded later on, and made him one of the analysts who were close to understanding the bubble.
He Does Not Succumb To The Pressures Of The Government
With almost everyone who worships our “Political Babus”, Mr Rajan is perhaps the only one who does not succumb to this practise. His policies are governed by India’s economic scenario and not by the whims and fancies of the “Babus” in the government.
People Listen To Rajan Because He Is A Straight Talker
From revealing his reservations about the ‘Make In India’ campaign to taking some serious jibes at the government, Rajan often makes sense because his opinions are followed by definite facts and logic. Seedhi baat – No bakwass!!
He Came Back To Work For India Despite Good Offers From Other International Organizations
In the chaotic whims of reservations, very few people like Mr Kalam and Mr. Rajan choose to work towards making India a better place to live in.(Or perhaps they didnt have aunties yelling “Wo dekho!! Sharmaji ka beta toh Amreeka settle ho gaya.”)
He Was Majorly Responsible for Bringing Indian Economy Back On The Growth Trajectory
After coming to power, Rajan quickly took care of various loopholes in the system and also brought about the banking revolution in the country which will be a major boost for the economy in future.
Sadly for India, Mr Rajan will be returning back to academia on 4th September, 2016.The one quote from his book will forever be etched in my mind….
“It is not because of the benevolence of the baker that we eat fresh bread every morning but because of his desire to make money.”