Be articulate in expressing independence: Rajan to students

April 06, 2016 01:14

Reserve Bank Governor Raghuram Rajan o Tuesday said the country provides a lot of freedom to its people to air their views but one has to be more articulate while expressing independence.

"There is tremendous space for you to exert your independence in our country despite all pressures. Of course, you have to articulate why you are using your independence the way that you are using," Rajan told a group of B-school students who assembled for a contest at the RBI headquarters.

The governor also said though RBI's job from outside looks glamorous there is lot of hard work and pressure.

He emphasised on having a strong framework for formulating a policy and said it is equally important to take broader public along with you to bring in any reforms.

"One of the most important aspects of policy making is to have a framework, to have a sense of why you are doing things, how are you going about it and how every new development fits into your framework, as it is important to make people understand the policy objectives", Rajan said.

"If you want to make changes, you want to reform, you have to take the larger public along with you. That's the way that the political establishment also goes along with you. You have to explain to them why it makes sense," he added.

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