RBI governor says 'one-eyed' phrase taken out of context

Reserve Bank of India (RBI) governor Raghuram Rajan on Wednesday said his ‘one-eyed king’ comment to describe India’s outperformance relative to other countries, was taken out of context and warned that the nation should not be complacent in its growth story just as yet. When I used the popular phrase ‘Andhon main Kana Raja’ in my interview, my intent was to signal that our outperformance was accentuated because of low global growth,” Rajan said in his address at the 12th convocationaddress at National Institute of Bank Management, Pune. A portion of his speech was televised.   Financial Astrology

“When a public persona says something, his words are intensely wrung out for meaning,” Rajan said, adding the spoken words, especially phrases become a fair game for the media and others to interpret as they liked. “Worst of course, are proverbs.”   Personal Numerology

“If we are to have a reasonable public dialogue, we must not take words out of context,” Rajan said. Still, he apologised for his words if it hurt anybody’s sentiments. “I am indeed sorry.”Rajan’s comment, spoken casually, had stirred a hornet’s nest as central ministers, including Finance Minister Arun Jaitley took exceptions to the statement.   Sensex Astrology      

Rajan said that the country has a long way to go before it can flaunt its success.“The Chinese economy, smaller than us in the 1960s is now five times our size. The average Chinese citizen is over four times richer than the average Indian. We have a long way to go before we can claim to have arrived," he said.        Indian stock market astrology prediction

“We have a long way to go before we can claim we have arrived. We need to repeat this performance for 20 years before we can give each Indian a decent livelihood,” Rajan said in his speech, adding, India’s international reputation hold great promise but is seen as a country that has “underdelivered,” and that the country should “implement, implement, and implement” structural reforms measures. Speaking before him, Vinod Rai, former CAG and chairman of the Bank Board Bureau had said in his keynote speech that India needed to urgently implement structural reforms to move forward on a sustainable growth path.    Share Market Astrology