His current role as RBI chief is the best job he’s had so far, Dr Rajan said.
NDTV’s Shweta Rajpal Kohli caught up with RBI Governor Raghuram Rajan, a day after the central banker cut repo rate by a more-than-expected 0.50 per cent and quizzed him on various aspects like the direction of the economy, the China overhang, the banking system, among other things.
Business aside, Dr Rajan who’s often dubbed as a ‘rockstar’ central banker agreed to face a rapid fire round of questions at the end of his interview. (Watch)
Here’s how it went: (excerpts)
Favourite central banker? Former US Fed chief Ben Bernanke.
Favourite economist? John Maynard Keynes.
Best job so far? The current one (as RBI Governor).
Message for US Fed chief Janet Yellen? I can just sympathise with her. It’s a tough job, with everyone looking at you. If you make a mistake this way or that way, you affect global development.
Message for Chinese counterpart? Hang in there, you’re doing a steady job. There is a voice of sanity.
Message for India Inc? Invest!
Message for banks? Clean up balance sheets, build up human capital. Admire the work bankers are doing
Message for e-commerce entrepreneurs? Watch them in admiration. I do hope they can convert some of the money spending on sales into money generating sales. Potential is huge.
Worried about an e-commerce bubble? You worry about bubbles when small families are putting in money. So far the sector has deep pocket investors, not worried right now. There is opportunity here.
Message for government? Keep doing what you’re doing.
Message for opposition? Nothing.
Message for common man? We’re on the verge of great things, but we cannot assume we’re there. Hope the world will be much better for young people than it was for their parents.
No comments:
Post a Comment