Economics
Modi Backs Rajan After India Central Banker Decides to Exit
- Rajan plans to leave when term ends in early September
- Modi said he doesn’t endorse personal attacks on bureaucrats
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Indian Prime Minister Narendra Modi said he appreciated the work done by Raghuram Rajan and personal attacks by a party member against the central bank chief were unfair, a defense that came more than a week after Rajan said he won’t seek a second term.
“My experience with him has been pleasant and I appreciate the work done by him,” Modi said in his first comments on Rajan’s departure during an interview to Times Now TV telecast on Monday. “Those people who criticize him, they are not doing justice to Raghuram Rajan.”