Here’s Why We Don’t Want Raghuram Rajan To Leave RBI This September!

As it is there is a dearth of good men in power in our country and just when we thought there is hope for change, Raghuram Rajan has decided to take a step that wasn’t anticipated.

The dashing chief of RBI will be discontinuing his appointed second term on 4th September this year.

Addressing the same, he wrote a heartfelt letter to his staff stating how good the days are going to get even when he isn’t there and how he is so proud of his team for everything they’ve done to make his term a success.

You can read it here.

Here are a few achievements of the man of choicest words and a great intelligence and those are the reasons we’d like him to continue as the RBI Governor for another term to come.

1. He reduced inflation at a crazy scale in merely two years from 9.8% in 2013 to 3.78% in 2015 which incidentally was the lowest it has been since the 1990s.

 

2. India’s forex reserve is more than 30%, that is, India’s assets held by the Central Government which are in internationally accepted monetary authority like the US Dollar and Euro.

 

3. He was successful in curbing the rupee value depreciation in the international market bringing it to a solid rs. 60/Dollar from the then ongoing spiral to about Rs.70.

 

4. His term saw the maximum amount of reforms in banking which brought by unconventional and easier ways of handling your money.

 

5. Mr. Rajan brought in GDP growth in the first quarter of 2014-15 at 5.7% against 4.7% in the comparable period last fiscal year.

It would be great if he gets to keep doing the good work for the next three years and put India on the Global Map more strongly.

Thank you, Mr. Rajan!

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