Why does everyone say that Raghuram Rajan is a "rockstar"?
Why does everyone say that Raghuram Rajan is a "rockstar"?. Do You sir and mam own that kind of question?, If do then please read the good answer right after below:
Why Raghuram Rajan is a RockStar?
Because He acts like one, not a self proclaimed one.
Raghuram Rajan took over as the governor of the Reserve Bank of India (RBI) on 4 September 2013 – the following day a worried 10-year-old Laila Indira Alva sent him a letter.
Laila, who lives in Gurgaon, an affluent Delhi suburb, is not someone who usually spends time worrying about the economy – like most 10-year-olds, she likes playing with friends and other activities such as reading, singing, playing the guitar, swimming and athletics.
But last summer, bad news about the economy made the headlines every day – the manufacturing sector had slowed down, the rupee was continuously sliding against the dollar and India’s current account deficit was growing wider by the day.
As her parents take several daily newspapers, Laila saw all these stories of impending doom and grew alarmed.
“I knew the economy was weak because of inflation and corruption. I read about it in the newspapers and I heard my parents talk about it at dinner and I heard about it on the news. That’s the only thing everyone was talking about.”
About 10 days later, an official looking envelope arrived, addressed to Laila. She was shocked to discover that it was from the bank governor himself.
Here is our Rockstar with little Economist
He is like a “Candle in the Wind, Shinning Bright even when the rain sets in”.
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