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Fight over PhDs

The RBI had 75 PhDs, at least at the time a former central banker was there

Business Standard 

As the takes on the (RBI) for being “systematically one-sided in overstating inflation”, a former central banker sought to know how many holders the had. “How many? Four? Five,” he asked. The had 75 PhDs, at least at the time he was there, he emphatically pointed out. The statement on wrong inflation forecasts was made by Chief Economic Advisor Arvind Subramanian, an Oxford D Phil.

First Published: Sun, July 16 2017. 22:38 IST