Support second term for Rajan as RBI governor: Adi Godrej

May 22, 2016 12:34

Coming out in support of RBI Governor Raghuram Rajan, leading industrialist Adi Godrej has said he is an admirer and it will be a "good thing for India" if his tenure is extended.

Godrej's remarks comes at a time when there is speculation over Rajan's future, whose current three-year term as RBI chief ends this September, amid calls for his sacking by BJP leader Subramanian Swamy.

However, Godrej group chairman refused to comment on the controversy.

"I would not like to comment on what other people want to say," Godrej said when asked about Swamy's statement.

"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," Godrej told PTI.

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'.

Earlier, Swamy had accused Rajan of being responsible for "unemployment and collapse" of industrial activity.

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