“I Do What I Do”- Pearls Of Wisdom From An Ex-RBI Governor?

Innovation has been acknowledged as one of the key drivers of success in organisations.

- Rajesh Nair

Review of ‘I do what I do – On reforms, rhetoric and resolve’ –Raghuram Rajan Amidst much hype and interest, Raghuram G. Rajan took charge as Governor of the Reserve Bank of India in September 2013. The economy was dubious, the rupee was in free fall, inflation was high, India had a large current account deficit and India’s exchange reserves were falling. A lot of measures had failed to stabilize markets, the punters and speculators alike had prophesied a moderate full-blown crisis and labelled India one of the Fragile Five economies.

Enter Raghuram Rajan. The media toasted his arrival and even the ‘Page 3’ bonhomie welcomed a suave, ‘good looking’ RBI governor. Kitsch columnist Shobha De went further and called him.. ‘one of the most desirable men in India’. His earlier book ‘Fault Lines: How Hidden Fractures Still Threaten the World Economy’ had established him as an astute policy economist, who vehemently and unabashedly pointed out deep fractures in the economic policies of the ‘Wild West’ and predicted difficult times as early as 2005.