Raghuram Rajan’s three-year tenure as RBI governor ends in September. But thanks to BJP MP Subramaniam Swamy’s demand to oust him, there’s now an online petition requesting that Rajan be retained for a second term and it has steadily been gaining steam on the internet.
It seems the ‘Rockstar’ RBI Governor has a large number of supporters with the petition getting over 43,000 signatures in a little over a week.
The petition reads:
The petition comes after the recent attack on Rajan by Swamy. Swamy, had written in a letter to Modi that Rajan was responsible for “unemployment and the collapse” of industrial activity in India.
He also accused the former Chief Economist of IMF of being a pro-west ‘UPA appointee’, and urged for his immediate removal as RBI chief.
The attack caused quite a fair bit of controversy, and many including the Finance Minister, senior politicians in the opposition, economic analysts and global investors have, since then, lauded Rajan for his work so far.