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Journalism of Courage
Eminent economist, consultant and banker Urjit Patel was on Saturday appointed new Governor of the Reserve Bank of India. Patel will replace Raghuram Rajan, a former International Monetary Fund chief economist who stunned financial markets in June by announcing he would step down in September and return to academia after a single three-year term at the RBI. Read who said what about Patel’s appointment as the new head of the apex bank:
Arundhati Bhattacharya | SBI Chairman
The appointment of Urjit Patel comes as a welcome move. Patel has been at the helm of institutionalising the inflation targeting regime in the monetary policy framework. His appointment signals continuity of policy intent, both on part of RBI and Government,”
N R Narayana Murthy | Infosys founder
He (Urjit Patel) is the right man to succeed Raghuram Rajan. Who better than him to see what needs to be done to stimulate growth and contain inflation,”
Jagdish Bhagwati | Economist
Dr Urjit Patel is a terrific choice. A student of the great Indian economist, Professor T N Srinivasan, and also a macroeconomic expert trained at Yale, Patel will be an ideal Governor who can take over with distinction and continuity from Dr Raghuram Rajan,”
