Mumbai: At a time when India’s economy is widely discussed and analysed by leaders and politicians, a young boy of class eight surprised RBI Governor Raghuram Rajan with his insightful question and bold demeanor. As the RBI Governor was addressing a group of young students in Mumbai recently, thirteen year old Rajas shot him a question which was followed by applause by the panel as well as the audience.

Referring to the fact that the mere rumour of the US gearing up to cut down the “Federal stimulus” brought down the rupee’s value considerably, the schoolboy asked the RBI governor when they would see an Indian policy affecting other countries so intensively. The Central Bank governor was pleasantly surprised and braced himself smilingly to answer the boy’s question.

Appreciating the nature of the question by calling it a great one, Rajan proceeded to explain how the US should start taking into account the effects of its policies on the rest of the world. He spoke of an ideal world where countries analysed the effect of the policies of their country broadly. He further said that by the time Rajas is old enough to get a job, India will be a significant force in the world economy. “We are a country that has kept its borders relatively open and is opening up even more. So, flows in and out will be important and we will have a lot of influence on the world”, He said

Rajan further added that by the time Rajas is his age, India would have become “one of two or three great economies in the world and US Central Bank governor will have to decide the kinds of policies that are appropriate for the world and not just India at that time.”

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