The following article is based on my own interpretation of the said events. Any material borrowed from published and unpublished sources has been appropriately referenced. I will bear the sole responsibility for anything that is found to have been copied or misappropriated or misrepresented in the following post.
Aman Pasari, MBA 2015-17, Vinod Gupta School of Management, IIT Kharagpur
RBI (Reserve Bank of India) Governor , Raghuram Rajan gave an initiative to a storm by his one comment : India is a one-eyed king “ . Though, he later said that it was an offhand remark and was misinterpreted beyond its context. Well such a strong comment from someone so influential is bound to create a storm around it and especially in a country where people seek opportunities to criticise others on every single occasion.
In his defence, he said that “I was speaking to a foreign journalist who asked what is felt like to be the bright spot in the world economy for which is used the phrase: andho me kana raja ( in the world of blind , the one eyed man is the king ) My intention was to signal that our out performance was accentuated because world growth was weak. But, we in India are still hungry for more growth. He also said that the quote could have been another one that is “Revenge reduces collective welfare as it is short, in offensive and pithy but he also added that it is meaningless for a larger amount of listeners.
With the world economy in a weak position and the future also seems to be bleak for most of the developed countries , India continues to outperform its counterparts.
The comment was not made in the context of growth in India but the presence of a weak global economy which makes India a silver lining in the World Economy.
However, all said but the problem remains that we Indians are always quick enough to jump to a conclusion without getting our facts clear about the intentions behind anyone’s comment.It’s time that we grow up on and see the larger picture and paint a beautiful India on a larger canvas.