Adieu Raghuram Rajan; What’s Next For Unfinished Agenda

5 min read
Adieu Raghuram Rajan

It’s time we bid adieu to an articulate speaker as well as a contrarian one of the best RBI governor’s till date, Raghuram Rajan. The man of uniqueness gave us some of the best messages regarding ways of exponential growth, reformed economics and so on. India has witnessed governors come and leave but with Raghuram, the talk stays unfinished. What more lacks behind are the unfinished agenda.

Rajan as a personality has risen and shined above all, but what’s next for unfinished agenda. We simply can not forget the alarming issues ringing in the country currently. With Make in India campaign in full swing along with drought hit regions taking over economic disbalance, there are a lot of many issues hovering the country’s economics.

The same issued clouded years ago when the then Prime Minister Manmohan Singh carried off. Rajan spoke conventionally regarding problems India was facing from past 20 years thus criticizing the government for failing the democracy unanimously. His politically correct statements backed off today’s government. After so many years, he repeated in the same manner but being more careful.

His speech for start-ups, MSMEs, banking sectors, the introduction of small banks, etc. gave a new vision to entrepreneurs. He set parameters for B2B, B2C, B2C2B, in a much-elongated manner. Loans to promoters withheld due to the uncertainty of nature of work. RBIs transformed terms and regulations helped in putting the first step forward for entrepreneurs where as big platforms given opportunities to reestablish sought after proper documentations.

In recent events, Rajan stated having a dysfunctional banking system of the country which needs to be mend in every plausible way. Now, as he bids adieu, there are certain issues which need to seek out as it helps us in facing critical issues appropriately. Now, the question arises Who’s Next?

SBI Chairperson Arundhati Bhattacharya and RBI Deputy Governor Urijit Patel in line as successors, issues remains and adhered forward towards the next Chief. Apart from these two main and vigorous contenders, others are enlisted as Former RBI Deputy Governor Subir Gokarn, SEBI Chairman U. K. Sinha, Eminent Economist (World Bank)Kaushik Basu, Chief Economic Adviser Arvind Subramaniam, and Vice Chairman NITI Aayog Arvind Panagariya.

Being the strongest contender among all is Arundhati Bhattacharya as she termed as SBI chairperson during that time when it went through the worst phase of all times. She managed to steer up the largest bank in the country following an asset quality review process mandated by RBI.

Henceforth having the formation of critical issues hovering the economic state of the country along with RBI Chief Raghuram Rajan stepping down, unfinished agenda ought to be sought out through the proper preview.

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