Money & Banking

Have enough minefields to deal with, says Rajan

Press Trust of India London | Updated on January 20, 2018 Published on May 15, 2016

NEW DELHI, 11/12/2013:INDEX: Mr. Raghuram G. Rajan, Governor, Reserve Bank of India in New Delhi, Wednesday, Dec 11th 2013. Photo: Meeta Ahlawat

With his comments often sparking one controversy after another, Reserve Bank Governor Raghuram Rajan has said he has got “enough minefields to deal with” and does not want to add to this list.

Rajan created a major controversy back home recently by using a famous Hindi saying ‘andhon mein kaana raja (one-eyed is king in the land of blind)’ while referring to India being touted as the ‘bright spot in a gloomy economy’.

At an interaction here at Chicago Booth School, London, Rajan said in reply to a question seeking his views on ‘Brexit’ that he does not want another ‘minefield’ for him. He was asked for his views, with people who want to leave the European Union often citing example of India as a country with whom Britain might do very rapid trade deals.

“You have asked me a Brexit question in a way that I should possibly be able to answer,” Rajan replied invoking a peal of laughter from the audience.

However, he proceeded further to present his view on the issue. “Let me say on the Brexit question, I think what is really very interesting and energising is that everybody is talking about it, everybody is coming with their studies and their analyses. So, I think you have enough people here talking about it and you would reach a decision whatever it is. So, I don’t want to add my two-cents to that.”

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Published on May 15, 2016
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