A question of answers

While policymakers and economists seem wary of making long-term projections, given the uncertain global economic scenario, politicians in general are never short of breath or braggadocio. So at an event in Delhi, when a member of the audience requested Reserve Bank of India Governor Raghuram Rajan to predict the exchange rate and the inflation rate five years from now, he seemed to dither for a moment. As the packed hall broke into laughter, someone in the audience quipped, "Only (Prime Minister Narendra) Modi can answer that."