Cautious Raghuram Rajan silent on PM Modi

Reserve Bank’s outgoing governor Raghuram Rajan, whose outspoken views have often been seen as being critical of the government, feels whatever he will say on Prime Minister Narendra Modi will be “problematic”.

Rajan, whose tenure at RBI has been marked with several controversies triggered by his comments on issues ranging from tolerance debate to the government’s flagship programme ‘Make in India’, was asked to describe Modi in a televised rapid- fire like interview with BBC.

“I think I will pass on that question. Whatever answer I give will be problematic, so I will just pass,” said the on-leave professor of finance at Chicago University, who will return to academia after end of his term at RBI on September 4.

After his decision to return back to academia, there have been voices suggesting that his candid public speeches were one of the aspects which made the government uncomfortable about reappointing Rajan for another term.

Some of the controversial speeches made by him include the one where he quoted American political philosopher Francis Fukuyama to question whether strong governments can really help a country or in defence of tolerance in the middle of a debate started by the killing of a Muslim man over suspicion of storing beef.