Nirmala critical of RBI Governor Rajan's one-eyed king phrase
20/04/2016 00:06
Commerce and industry minister Nirmala Sitharaman was critical of Reserve Bank of India (RBI) Governor Raghuram Rajan's description of the Indian economy as the ‘one-eyed king in the land of the blind’, saying better words should have been used, as per the media reports. “I may not be happy with his choice of words. I think whatever action is being taken by this government is showing results. FDI (foreign direct investment) is improving. There are clear signs that the manufacturing sector is reviving. Inflation and current account deficit are under control,” she told in a press conference, quoted PTI. The minister noted that, earlier Rajan had said that India was on the cusp of a revolution. “If better words were used to say whatever he wanted to say, it would have gone down better,” she said. With India being often described as 'the bright spot in the global economy', Rajan had said in an interview that this was a case of ‘the one-eyed man being king in the land of the blind’.
20/04/2016 00:06
Commerce and industry minister Nirmala Sitharaman was critical of Reserve Bank of India (RBI) Governor Raghuram Rajan's description of the Indian economy as the ‘one-eyed king in the land of the blind’, saying better words should have been used, as per the media reports. “I may not be happy with his choice of words. I think whatever action is being taken by this government is showing results. FDI (foreign direct investment) is improving. There are clear signs that the manufacturing sector is reviving. Inflation and current account deficit are under control,” she told in a press conference, quoted PTI. The minister noted that, earlier Rajan had said that India was on the cusp of a revolution. “If better words were used to say whatever he wanted to say, it would have gone down better,” she said. With India being often described as 'the bright spot in the global economy', Rajan had said in an interview that this was a case of ‘the one-eyed man being king in the land of the blind’.
