© The Financial Times Ltd 2015 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
May 25, 2014 11:58 pm
From Mrs Ritha Khemani.
Sir, I fully support the sentiments expressed by Gurcharan Das (“India may be on the cusp of its Thatcher moment”, Comment, May 19).
However, Margaret Thatcher had open disagreements with Gordon Richardson, the governor of the Bank of England, in her early years. A strong alliance with the Reserve Bank of India would be very helpful if not essential for Narendra Modi to fulfil his goal of a strong economy.
I therefore hope Mr Modi will ensure that the only (or so it seems) wise decision that the earlier Congress-led government made, of appointing the very able Raghuram Rajan as governor of the central bank, is not overturned. India will then be on the cusp of “a Reagan moment”, with the equivalent of Paul Volcker as the man responsible for bringing down inflation. An unbeatable combination.
Ritha Khemani, Washington, DC, US
Copyright The Financial Times Limited 2015. You may share using our article tools.
Please don't cut articles from FT.com and redistribute by email or post to the web.
Sign up for email briefings to stay up to date on topics you are interested in