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    Raghuram Rajan deserves two more terms: NR Narayana Murthy

    Synopsis

    “India should be very fortunate to have him (Rajan) serve this country for not just one, I would say two more terms,” NR Narayana Murthy said.

    “India should be very fortunate to have him (Rajan) serve this country for not just one, I would say two more terms,” Murthy ​said.
    BENGALURU: NR Narayana Murthy has added his voice to the chorus of support for Raghuram Rajan, saying the central bank chief should be offered two more terms in recognition of his track record in steering monetary policy.

    In an interview, Infosys cofounder Murthy, 69, also praised the Narendra Modi government’s “dynamism and enthusiasm” and gave his successor Vishal Sikka high marks for the way he has managed Infosys.

    “India should be very fortunate to have him (Rajan) serve this country for not just one, I would say two more terms,” he said. Some elements in the government are against another term for Rajan.

    BJP’s Rajya Sabha MP Subramanian Swamy is trenchantly opposed to Rajan.

    Also Read: Can't be complacent with 7.6% growth: Narayana Murthy

    But the former IMF chief economist has overwhelming backing from corporate India: an ET survey in May found that 90% of CEOs wanted Rajan to stay on as the Governor of Reserve Bank of India.

    Murthy, who announced the appointment of Sikka as the first non-founder CEO of Infosys after cutting short his comeback to the software company in 2014, commended the former SAP executive and declined to discuss a shareholder vote earlier this year on Sikka’s reappointment.

    “Overall, I think he has done a good job. I mean results are there,” said Murthy, who founded Infosys in 1981with Nandan Nilekani, S Gopalakrishan, SD Shibulal, KDinesh, NS Raghavan and Ashok Arora. “At the end of the day, anybody who does good for Infosys, is to be appreciated, that’s all.”

    The Modi government, he said, has been performing with an “alignment of dynamism and enthusiasm between the ministers and the bureaucrats” not seen in 12 years. And while economic growth so far should be celebrated, he echoed Rajan in saying much more remains to be accomplished. “There is a lot more work we need to do … I don’t think we can be complacent,” he said.
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    123 Comments on this Story

    Keerthi Kumar1588 days ago
    The RBI is not a single man army there are may people are there to improve the ecomnomy. the country has to increase by mass not a Single RBI governor.
    Zerodha1589 days ago
    Well I will take credit for the first 10 years you take care for life like the Monarch.
    I am not greedy or foolish.
    I will give credit for you seeing my vision for a longer time to come.
    Glad to find out there are so many like minded individuals in India.
    Cheers buddy.
    paulitesandeep1589 days ago
    Where is the harm if someone at the end of his term wishes to leave or the government of the day wants to replace someone in an executive posting to take forward its policies and plans for the future of the country. While I do not want to belittle the work done by RR, is he last or the only person or the best of the best that the county has?? This is almost behaving like the congress party saying that doomsday will come to the party and the country without the gandi family though comparing the gandi family with RR is like comparing chalk and cheese. Mr. Murthy Infosys has been made into an institution which I am sure as you must be too will move forward based on its foundation, strength and values. So is RBI and the government on the day.
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