Raghuram Rajan makes a case for India

by Merlot Daruwala Thu Sep 12, 2013 1:09 am

"Indian cricket fans are manic-depressive in their treatment of their favourite teams. They elevate players to god-like status when their team performs well, ignoring obvious weaknesses; but when it loses, as any team must, the fall is equally steep and every weakness is dissected. In fact, the team is never as good as fans make it out to be when it wins, nor as bad as it is made out to be when it loses. Its weaknesses existed in victory, too, but were overlooked.

Such bipolar behaviour seems to apply to assessments of India’s economy as well, with foreign analysts joining Indians in swings between over-exuberance and self-flagellation. A few years ago, India could do no wrong. Commentators talked of “Chindia”, elevating India’s performance to that of its northern neighbour. Today, India can do no right."

See: http://www.livemint.com/Politics/hrQfq1PT5wJdsNjMh2kL9K/India-can-and-will-do-better-says-Raghuram-Rajan.html

Self-flagellation, of course, has always been the core competency of the limpwristed chaddi brigade. Given their desperate need to trash the current government, the normal breastbeating had risen to fever pitch in recent times as evidenced by the posts of Rawmotions et al on the topic.

In India itself, the mood - at least in the markets - has already shifted and the consensus now is that the recent bout of pessimism was overdone and things are not as black as was being made out.

by Rishi Thu Sep 12, 2013 10:22 am

The guy has good looks.

Compare him to NRN Murthy. The very look of the Infosys founder will scare small children.

Raghuram Rajan makes a case for India

Raghuram Rajan makes a case for India

Re: Raghuram Rajan makes a case for India