Nobel laureate Amartya Sen termed RBI Governor Raghuram Rajan's decision to not seek a second term, as 'sad' for the country. He said that India is losing one of the most skillful economic thinkers in the world.
"We are losing one of the most skillful financial economic thinkers in the world. It is sad for the country and it is sad for the government of the country too. RBI is not a completely autonomous institution," Sen told a private TV channel.
In an indirect reference to BJP MP Subramanian Swamy, who attacked Rajan on numerous occasions, Sen said, "It is true that some members of the ruling party, I understand, I have not seen that but somebody told me, have been sniping at Raghuram Rajan. That certainly is unfortunate."
The economist also said that the administration needs to decide what it wants in its policy while noting that he is not a great admirer of the Narendra Modi government.
Raghuram Rajan on Saturday said he will be returning to academia after completion of his term as RBI Governor on 4 September."... on due reflection, and after consultation with the government, I want to share with you that I will be returning to academia when my term as Governor ends on September 4, 2016," Rajan said in a message to RBI staff.