Raghuram Rajan says India’s image is taking a hit because of the recent killings and ‘Love Jihad’

Issues like love jihad, killings and the recent row over alleged beef consumption do draw limelight of the world but RBI Governor Raghuram Rajan says such issues should be treated like a law and order problem, even as he admits that the overall image of India as an investment destination does take a hit.

Rajan, during an interview to a TV channel, said such fringe issues do not fit well with Prime Minister Narendra Modi’s India rising image.

“The emphasis that Prime Minister and Finance Minister have been putting on this being an economy which is trying to get it right and move forward on sustainable basis. I think that does not fit well with these kinds of incidents. And we need to figure out the way to reduce and certainly, I think, there is law and order issue there," said Rajan.

Meanwhile, Rajan also spoke about his equation with Finance Minister Arun Jaitley.

“It has been of the highest order ever since he moved into the office that was when I first met him. It has been great. I think these reports of differences tend to exaggerate and sometime over-complicate what is essentially a very strong relationship," added the RBI governor.

Rajan was lauded after he lowered repo rate by 50 basis points, keeping the CRR unchanged.

He said it was part of the process of getting investment. “The real deficiency in our economy today is private investment is not picking up as it should at this stage of the cycle. The key concern of policy maker is how to get it started. How we get it going,” said Rajan.

(Image: Indiatimes)