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Davos 2019: It’s all speculation, says Raghuram Rajan on entering politics but does not rule out a potential return to India
January 22, 2019
Davos 2019: It’s all speculation, says Raghuram Rajan on entering politics but does not rule out a potential return to India

Former Reserve Bank of India (RBI) governor Raghuram Rajan on Tuesday played down rumours that he could be the finance minister if the next government is formed by the ‘Mahagatbandhan’ or ‘Grand Alliance'.

Rajan said he has spoken to political leaders recently, including Congress president Rahul Gandhi and finance minister Arun Jaitley as he has been “trying to put ideas into the system”.

"I'm not a politician. I have said that many times. One of the important things in life is to know what your competitive advantage is. I'm a technocrat. I'm an academic. Those are the two areas which I know about," Rajan told CNBC-TV18 on the sidelines of the World Economic Forum (WEF) in Davos.

When asked if he would return to India if offered a position to effect change, Rajan refused to answer what he called ‘hypothetical question’.

"I don't answer that. But, I really want us to think very carefully about what the next set of reforms need to be to take us forward," he added.

Last week, over 20 opposition parties from across the country had participated in the opposition mega rally at Kolkata and called for fighting unitedly to oust the BJP government.