Raghuram Rajan quotes

Raghuram Rajan is an Indian economist and former Governor of the Reserve Bank of India. Widely respected for his work on financial systems and global economic policies, he also served as Chief Economist at the International Monetary Fund. He continues to influence economic thought and policy both in India and internationally. Here are 11 of his quotes:

Not taking risks one doesn't understand is often the best form of risk management.

Raghuram Rajan

If you are an outsider looking at India, learn to filter out both the irrational exuberance and the excessive pessimism. We're subject to both. You will become manic-depressive if you follow our moods.

Raghuram Rajan

Promoters do not have a divine right to stay in charge regardless of how badly they mismanage an enterprise, nor do they have the right to use the banking system to recapitalize their failed ventures.

Raghuram Rajan

Indeed, if what you do offends me but does not harm me otherwise, there should be a very high bar for prohibiting your act. After all, any ban, and certainly any vigilante acts to enforce it, may offend you as much, or more, than the offence to me. Excessive political correctness stifles progress as much as excessive license and disrespect.

Raghuram Rajan

On the retail side, I particularly want to emphasize the use of the unique ID, Aadhaar, in building individual credit histories. This will be the foundation of a revolution in retail credit.

Raghuram Rajan

Expectations are high. Clearly I am not a superman. There is a little bit of euphoria in India. I have a wife and two kids.

Raghuram Rajan

A 007 James Bond image is very dangerous for a central banker to have.

Raghuram Rajan

I think we have still to get to a place where we feel satisfied. We have this saying - "In the land of the blind, the one-eyed man is king."

Raghuram Rajan

Mr Raghuram Rajan is an outstanding man who understands central banking. He is probably only one in the world among the crowds of professors at central banks that actually has a good grip on monetary policies and what you can or cannot achieve with them. He should get the Noble Prize in economics but the others are all money printers at heart, all of them.

Raghuram Rajan