First Rajan, now Panagariya: Decoding the link between the two exits

It's time govt learnt from the past practice of nurturing a team of economists as economic policy advisors

Raghuram G Rajan left the Reserve Bank of India as its Governor after completing his three-year tenure in September 2016. There were expectations that he might continue for a couple of years more. But about three months before his tenure was to end, Rajan shook everyone up on a Saturday afternoon by announcing that he had decided to get back to academia in the United States. 

On August 1, Arvind Panagariya announced that he had resigned as vice-chairman of NITI Aayog and he would get back to the US to resume teaching in the same university from where he came.