T N Ninan's interesting article, "Subbarao tells all" (July 16), compels me to pen my observations as a citizen of India. It is easy for an economist like Duvvuri Subbarao to write a book or get a report drafted, according to his or her choice. It is also common for economists to be vocal. From my point of view, that hardly matters.
I wish to know whether the former Reserve Bank of India (RBI) governor can tell everybody how to solve some of the problems that the country is facing at present. For example, how to reduce non-performing assets? How to fight inflation, say, at the village level? How to increase the government's revenues? How to reduce cost of borrowing? How to reduce subsidies, especially food subsidy? Or how to eliminate poverty from a village. And sundry other questions.
When two intellectuals or economists meet - RBI governor and finance minister - they are bound to have differences of opinion. These differences need not be made public. What matters is whether Subbarao can offer some fresh ideas to solve one or two of the economic problems faced by India.
S C Aggarwal, New Delhi
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