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Rajan says Had fantastic tenure, results to be visible in 5-6 years

Terming His Tenure As Fantastic, RBI Governor Raghuram Rajan Today Said Snap Judgements By Critics Do Not Matter As He Has Made Useful Contributions And The Results Will Visible In The Next 5-6 Years.

PTI | Updated on: 09 Aug 2016, 02:38:14 PM
Raghuram Rajan ( Source- Getty images)

Mumbai:

Terming his tenure as "fantastic", RBI Governor Raghuram Rajan today said snap judgements by critics do not matter as he has made useful contributions and the results will visible in the next 5-6 years.

BJP MP Subramanian Swamy has been criticising Rajan for keeping interest rate high initially to the detriment of the Indian economy, especially the MSME sector.

Slated to demit office on completion of his 3-year tenure on September 4, Rajan said: "People can have different judgements but we have to see...proof of the pudding is in the eating.

Lets see how it plays out over 5-6 years, then we will reach a judgement whether this is good or bad." When asked about his response to the critics, he said: "I have nothing to say critics are there all the time.

There are also people who send me message in the plane...anonymous notes saying, 'thank you for what you are doing'. That's part of the job. We have to take as cost and benefits. "The most important thing is, at the end of day, do you feel you made useful contribution and some people are better off as a result of that.

I think, from that perspective, this has been a fantastic job.

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First Published : 09 Aug 2016, 02:27:00 PM

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