How funny! The world-renowned Economist, former Ex-RBI Governor Raghuram Rajan, known for his dynamism never cares in his addresses what he wants to say. Surprising everybody, during the event as he mentioned he was not quick to respond to tweets in a few words in 30 seconds. He has a fixed idea as heard on numerous occasions many – saying as per the rational etiquette one has to be very quick per se` – respond to tweets in a few words in 30 seconds.
Raghuram Rajan himself said in an address in Kochi said, “ I don’t have time. My sense is that in many of these things, once you start engaging, you have to be consistent… I certainly can’t because I don’t have the ability to think quickly and respond in you know 20-30 seconds in 140 characters,” he said in a lighter note here.
Ex-RBI Governor Raghuram Rajan – Admits Slothfulness On Tweets
This made the audience into an outburst of laughter. In this digital era of professionals – using Social media as a ‘Fevicol’ got stuck with them all day long. Even the PM – NAMO uses Twitter. Rajan is a different altogether in his attitude. His famous book ‘I do what I do’ explains many things about how candidly and in which area we must use ‘Digital Technology’. He too bold to say ‘NAMO’ should work on it and he has the ability to do it better.
When a report in the summit asked him, ‘’Then why was he there, since the summit is all about “Technology”. Rajan, Currently Professor, Finance at University of Chicago, Booth School of Business, said never hesitated to mention his point in the context of giving importance to ‘Skilled labor and ‘unskilled labor’ “If we don’t do that we will end up with a two-tier economy of a few “haves” and a vast population of “have-nots”, which is neither socially stable nor desirable,” he said.
Many financial experts opined during the summit as this is the relentless problem in India as the ‘Rich is rich is getting richer and the poor is getting poorer.’ Skilled people earn lofty amount and the unskilled people are still are eking out their living with the petty amount. His valid point of taking the mean average and talking about ‘GDP’ or ‘Standard of living of people getting better doesn’t make any sense as there is the huge gap in the earnings of between these two groups.