RBI Governor Raghuram Rajan finds his name in the ‘Leaders’ section of the ‘100 Most Influential People In The World’. Writing on Rajan, TIME’s assistant editor Rana Foroohar calls him an “economic seer”.
Hailed as a “prescient banker”, Rajan has been credited by TIME for being able to guide India’s economy away from the global recession.
He had been praised for his foresightedness on matters of debt and how they would impact an economy. “More and more of the economic establishment has come to share Rajan’s view that debt-fueled growth is just a saccharine substitute for the real thing,” Foroohar writes.
It is noteworthy that recently the RBI Governor had to apologise for a remark comparing the Indian economy with a one-eyed man in a land of blinds.
Commenting on India’s surging growth in the world market, Rajan had said that India cannot call itself satisfied at this current juncture.
The remark did not go down well with the government. Rajan’s apology, however, was for the visually-impaired people.