"He is the right man to succeed Raghuram Rajan. Who better than him to see what needs to be done to stimulate growth and contain inflation," according to Murthy. It is a terrific choice, said Jagdish Bhagwati.
After backing a second term for Raghuram Rajan, Infosys founder and IT doyen NR Narayana Murthy on Saturday called Urjit Patel as the "right man" to succeed Rajan and hoped the new Governor will balance growth and inflation.
"He is the right man to succeed Raghuram Rajan. Who better than him to see what needs to be done to stimulate growth and contain inflation," Murthy said while extending wishes to Patel on his appointment.
The IT doyen had batted for re-appointment of the former IMF chief economist saying he deserved at least two more terms for all the "great job" he has done. On his wishlist from the new governor, Murthy said Patel should continue with what Rajan started in terms of balancing growth and inflation and clean up of banking system.
Asked if India Inc would be disappointed given Patel's stance on inflation, Murthy said: "Technical issues must be left with experts. I as a citizen of the country will accept what he decides. Who am I to second guess him!"
Globally acclaimed economist Jagdish Bhagwati today hailed the appointment of Urjit Patel as the next RBI Governor as "terrific choice", saying he is an ideal person to head the central bank.
"Dr Urjit Patel is a terrific choice. A student of the great Indian economist, Professor T N Srinivasan, and also a macroeconomic expert trained at Yale, Patel will be an ideal Governor who can take over with distinction and continuity from Dr Raghuram Rajan," Bhagwati told PTI. He is Professor of Economics, Law, and International Relations at Columbia University.
"With the brilliant Arvind Panagariya continuing as his chief economist, and Urjit Patel at the RBI, Prime Minister now has the world's finest economics team, augmented by Bibek Debroy and Arvind Subramanian, that promises continuing reforms beyond the politically skilful passage of GST," Bhagwati added. Hopefully, he added, "the days of anti-reform, anti-growth advisers that undermined our economy in the UPA-II years will now be strictly behind us".
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "Urjit Patel")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}