Many want Urjit Patel to cut interest rates to help revive private sector investments. A look at some prominent views:
“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”
N R Narayana Murthy,
Co-founder, Infosys
“We all are very happy. Being a colleague, he brings great continuity and familiarity. He has a clear understanding of what is going on”
S S Mundra,
Deputy Governor, RBI
“Urjit Patel is a terrific choice. A student of the great Indian economist, 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 Raghuram Rajan”
Jagdish Bhagwati,
Economist
“It is a brilliant choice. Urjit Patel is the architect of the new monetary policy agreed upon by the finance minister and the RBI. He has a sharp mind and lots of experience in the bank”
Meghnad Desai,
Economist
“Being an architect of the new policy framework, he retains high credibility for monetary stability. He also combines the strengths of a global perspective and a solid academic background”
Shikha Sharma,
MD and CEO, Axis Bank
“The market will welcome it (Patel’s appointment). You may see a strengthening of the rupee vis-à-vis dollar. You may also see bond yields responding.”
Devendra Kumar Pant,
Chief economist, India Ratings & Research
