Iustrialist Adi Godrej, has said that he was an admirer of the RBI Governor Raghuram Rajan adding that it will be a “good thing for India” if his tenure was extended.
Godrej’s remarks come amidst wide speculation over Rajan’s future, whose current three-year term as RBI chief will come to an end this September.
Senior BJP leader Subramanian Swamy has been demanding Rajan’s removal and had even written to Prime Minister Narendra Modi asking him to sack him immediately.
However, the chairman of the Godrej group refused to comment on the controversy.
“I would not like to comment on what other people want to say,” Godrej told PTI when asked about Swamy’s statement.
He said, “I think he has done a good job. He is very well respected across the world. He is a very capable person, very well respected person and I think if his term is extended then its a good thing for India.”
Praising Rajan’s work, Godrej said: “He was voted as best Central Bank Governor in the world by one of the magazines. I am admirer of him and I support his extension.”
In January, Rajan was awarded the Central Banker of the Year Award (Global and Asia Pacific) for 2016 by the Financial Times Group’s monthly publication ‘The Banker’.
Finance Minister Arun Jaitley last week had hinted that the raging controversy will not affect the central government’s decision on Rajan’s future.
Jaitley also said that there was a “mature relationship” between the central bank and the government.
Indicating his interest in a second term, Rajan on 13 May had said that he had enjoyed every moment of the job, but there was “more to do.”