Rajan leaving RBI

Congress was wise to put him in charge of the RBI. The BJP government did not have the wisdom to keep him for another term at least to finish the job he started. They gave the dumb reason that he isn't Indian enough. The true reason of course is corruption.

In a very competitive world you can only succeed if you do not mind the color of your cat. That was how Deng led China to succeed but the post-Deng leadership in China today seems to be beginning to develop their own self defeating ways as well. This is a much bigger story for another time.

Good luck to India, always so adept at shooting themselves in the foot.

Bloomberg article.














Update: June 23 9.00 am

The vile fellow has a face. Very well educated like many among their elites but too Indian to be good for India.

The greatest enemy of the Indians are themselves such that they often have to leave India to do well. India is fortunate many are willing to come back and contribute but they might regret that move as we saw in the high profile example of Raghuram Rajan.