Business
The RBI governor said India was like a one-eyed king in the land of the blind, describing what he felt about the country called a "bright spot" on various occasions, including by the IMF.
Updated : Mar 21, 2018, 05:55 AM IST
Union Minister Nirmala Sitharaman, on Monday, was critical of RBI Governor Raghuram Rajan's description of Indian economy as the ‘one-eyed king in the land of the blind’, saying better words should have been used.
"I may not be happy with his choice of words. I think whatever action is being taken by this government is showing results. FDI is improving, there are clear signs that manufacturing sector is reviving. Inflation, current account deficit is under control," she told a press conference.
Rajan, Commerce and Industry Minister noted, had said earlier that India is on a cusp of revolution.
With India being often described as 'the bright spot in the global economy', Rajan had said in an interview that this was a case of ‘the one-eyed man being king in the land of the blind’.