Tuesday, June 7, 2016

Make RBI Governor Rajan the Chief of Niti Ayog

I used to always tell my team not to fret on non issues. Wherever you are, build robust systems and processes and get to the next level. If Rajan Guv RBI has done that, there is no need to fret, who will fill the space that he may have to vacate. If he has been able to explain, what a Central Bank needs to facilitate and monitor in an emerging economy even to his direct reports, then he has pretty much achieved what he should have, and who the mercurial Modi government or a whimsical PMO installs in Guv's saddle becomes irrelevant. 
Rajan on the other hand, loves to speak like an archetypical thinker and planner more than a rigorous executor. He might be a virtuous contender for Chief of Neeti Ayog, where the current incumbent Kant, who has to his credit achievements like running of the "Gods own country" campaign, "Incredible India" campaign and of course his own image and perception campaign, can give a run for their money to Piyush Pandey or Prasoon Joshi. Under Kant's leadership, I doubt if any solid work would be done at the Neeti Ayog. And that because, in positions where leadership is thrust from the top, teams tend to align with the leaders attitude, unlike where leadership evolves from the bottom. So today, everyone at the Ayog will be busy planning how best to showcase the work done, and not planning for the future.