Nirmala Sitharaman critical of Raghuram Rajan’s ‘one-eyed king’ phrase

By: |
New Delhi | April 18, 2016 8:47 PM

Union Minister Nirmala Sitharaman was today critical of RBI Governor Raghuram Rajan's description of Indian economy...

Commerce and Industry Minister Nirmala Sitharaman noted that Raghuram Rajan had said earlier India is on a cusp of revolution. (PTI)Commerce and Industry Minister Nirmala Sitharaman noted that Raghuram Rajan had said earlier India is on a cusp of revolution. (PTI)

Union Minister Nirmala Sitharaman was today critical of RBI Governor Raghuram Rajan’s description of Indian economy as the “one-eyed king in the land of the blind”, saying better words should have been used.

“I may not be happy with his choice of words. I think whatever action is being taken by this government is showing results. FDI is improving, there are clear signs that manufacturing sector is reviving. Inflation, current account deficit is under control,” she told a press conference.

Commerce and Industry Minister Nirmala Sitharaman noted that Raghuram Rajan had said earlier India is on a cusp of 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.

Do you know What is Cash Reserve Ratio (CRR), Finance Bill, Fiscal Policy in India, Expenditure Budget, Customs Duty? FE Knowledge Desk explains each of these and more in detail at Financial Express Explained. Also get Live BSE/NSE Stock Prices, latest NAV of Mutual Funds, Best equity funds, Top Gainers, Top Losers on Financial Express. Don’t forget to try our free Income Tax Calculator tool.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Indians’ funds in Swiss banks rise to over Rs 20k cr on surge in securities, institutional holdings; customer deposits down for 2nd yr
2India maintains 43rd rank on IMD’s World Competitiveness Index; Switzerland tops chart
3India puts on hold proposal to cut import duty on edible oils, say sources