Excessive Political Correctness Harms Progress: Raghuram

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New Delhi: Reserve Bank of India Governor Raghuram Rajan on Saturday joined the award wapsi debate, saying “excessive political correctness stifles progress as much as excessive licence and disrespect”.

Addressing students at Indian Institute of Technology Delhi on Saturday, the RBI Governor said that bans could not be a quick resort. It is better to improve environment for ideas through intolerance and mutual respect.

Rajan, in his brief address, argued that what really needed to do was to find ways to get to the “production possibility frontier” as many of the software companies had done. New ideas, new methods of production, better logistics these are what will lead to sustained economic.

Reacting to the statement, Bharatiya Janata Party leader Subramanian Swamy hit out at the RBI Governor, saying Prime Minister Narendra Modi must sack him. He claimed that Rajan had made a “mess” out of RBI.

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