August 30, 2016

Coraggio, governor Patel!

In this Livemint articleVivek Dehejia, Senior Resident Fellow, IDFC Institute welcomes the appointment of Urjit Patel as the governor of the Reserve Bank of India. 


"Fears were expressed in some quarters that Rajan might be replaced with an unorthodox successor, while others fretted that the choice might instead be a mediocre and pliant bureaucrat all too ready to do the government’s bidding. While the former concern was entirely ungrounded in my judgement, the latter would have been more difficult to discount out of hand. The selection of Patel, therefore, lays such concerns to rest in one fell swoop. His economics and central banking credentials are as mainstream and orthodox as one could imagine, and his international education and experience—to say nothing of his Kenyan birth—give the lie to the notion that the current government pays short shrift to global credentials and has some sort of nativist streak when it makes key policymaking appointments."


Read the full article here


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