Economics
Rajan Opponent Attacks Possible Successor as India Tensions Grow
- Swamy, who led campaign to oust Rajan, wants Subramanian fired
- Subramanian ‘stands on the dovish side of policy spectrum’
What Rajan's Exit Means for RBI Policy
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Ruling-party lawmaker Subramanian Swamy called for the firing of a finance ministry official named by economists as the most likely to become India’s new central bank governor.
Swamy, who led a public campaign to oust Reserve Bank of India Governor Raghuram Rajan, said on Twitter that Arvind Subramanian should be fired for acting against India’s interests during his time as a U.S.-based academic. Subramanian, chief economic adviser at India’s finance ministry, was picked in a Bloomberg survey as the most likely to succeed Rajan among the five candidates the government is said to be considering.