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Sunday, September 22, 2013

WHAT BINDS NARENDRA MODI & RAGHURAM RAJAN....


My last few weeks, however, have been spent obsessively watching, or listening to  NEWS ABOUT RAGHURAM RAJAN the new governor of the RBI. Rajan's name was announced a month before he actually took over as the 23rd Governor on September 5. 

I think, Modi and Rajan, have something in common. 

May be in terms of the kind of media hype these two gentlemen are enjoying in their respective fields is unprecedented in Indian history. I don't remember any other prime ministerial aspirant enjoying the kind of publicity Modi is getting well before the general election.  Rajan, too, as a RBI governor has been attracting lot of eyeballs.

There is also a common 
ELEMENT OF HOPE ATTACHED to both these two stalwarts in these difficult times the country is facing. Modi is being looked upon as a politician who can fix the existing corrupt administration. Rajan too is being seen as an economist who will stabilize the country's economy.

Neither has any magic wand to solve the structural problems India is facing, but both exude confidence and optimism. Rajan famously said the governorship of the RBI was not meant to win votes or Facebook "likes." But the fact is far, the new media, Facebook and Twitter, are full of praise for Rajan. Modi too attracts hordes of 'likes' and favourable tweets.

Both men are good at communication. Modi uses the new media a lot. He believes in the right kind of communication and uses all tools to achieve it. He uses simple language which connects with the masses. Rajan , too, believes in communication. In his very first media meet, he said the public should have a clear framework as to where we (the RBI) are going, and understand how our policy actions fit into that framework. "The key to all this is communication, and I want to underscore communication with this statement on my first day in office," said Rajan.

Both men are found to be CHARISMATIC LEADER,both successful leaders have a history of success. Modi has won assembly elections in Gujarat three times in succession. Rajan actually predicted the global financial meltdown three years before it shook the world in 2008.

But now both are also venturing into unfamiliar territory. Modi as a national leader has to make himself acceptable to a much larger constituency than just the state of Gujarat, whereas Rajan with most of his experience in academics has to apply economics tools to solve day to day economic and financial issues. It is not an easy job. Both will be under tremendous pressure because of high expectations.

As long as they represent hope, these two gentlemen will occupy a great deal of media space and people's  minds in coming years, including young minds......

I am very optimistic about an unparallaled triumph of Hon. Narendhra Modiji in upcoming central Elections..Wishing both this gentlemen best of their luck....

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