Raghuram Govind Rajan is the man almost every Indian looks up to with incredible awe and respect.
Raghuram Govind Rajan is the man almost every Indian looks up to with incredible awe and respect. The approbation Rajan commands is not because of his status as RBI Governor, but because of the extraordinary calibre he possesses and the immense experience he carries.
The shrewd RBI Governor is the son of R. Govindarajan, an IPS officer who worked in elite organisations such as the Intelligence Bureau and the Research and Analysis Wing.
An alumnus of IIT-D and IIM-A, Dr. Rajan received the inaugural Fischer Black Prize. A book written by him, Fault Lines: How Hidden Fractures Still Threaten the World Economy, won the Financial Times/Goldman Sachs Business Book of the Year award in 2010. Basically, he exhibits an unparalleled and unique charisma in the world of economics and is recognized as one of the best central bank governors.
August 6, 2013, was a big day for the man — it was announced that he will be taking over as the new RBI Governor.
In this article, Ganesha takes a look at his stars and predicts the kind of approach he may adopt after the Union Budget 2016-17 and what may top his priority list.
What sort of a role will Raghuram Rajan play in the Indian economic scene Considering the current planetary picture, Ganesha feels Dr. Rajan will adopt a controlled approach. He will be able to circumvent a lot of problems that may arise out of fluctuations in the coming months. He may focus more on stabilising the position of the rupee.
He may take some drastic decisions related to the repo rate and work towards creating a secure position wherein the confidence of the local players and domestic investors may increase.
Will the IIT-D and IIM-A alumnus and former chief economist of the IMF be able to deliver some path-breaking reforms Ganesha foresees a torrid phase for the RBI Governor in the months between April and July and this phase may test his skills. Though, the transiting Mars, which will be affecting Dr. Rajan’s Natal Jupiter will push him to take drastic decisions, it may also create some confusion. Certain areas may be overlooked. On the other hand, the influence of Saturn will ensure that that he is also able to take corrective actions. But expect push-and-pull sort of situations, Ganesha says.
Moreover, the stars do not seem to be too positively aligned. The RBI chief may not be able to deliver path-breaking reforms, and will instead be forced to stabilise the situation rather than unleashing a string of changes. Ganesha also says that the Banking Sectors will have to bear the brunt of the erratic planetary alignments till around September 2016.
One heartening aspect in the upcoming months is the entry of the mighty Jupiter into the Sign of Virgo in August 2016.
In the chart of Dr. Rajan, the benevolent Jupiter will be acting like a catalyst and will help him come up with some wonderful initiatives, policies and reforms. This favourable disposition shall remain till one year, that is till September 2017.
Will he, in tandem with FM Arun Jaitley, be able to deliver well as a team As malefic Saturn is transiting in opposition with natal Moon, Dr. Rajan and Arun Jaitley’s team may not be as impactful as one would want them to be. His decisions, even though strong, may not have immediate effect.
Due to the transit of Saturn in the 7th House from Dr. Rajan’s Natal Moon, there may be problems on some occasions in decision making. Things may not necessarily work out as per plan and there could be unexpected delays.
And finally , about to the FM-Governor RBI equation, Ganesha feels that though things may be pleasant between Jaitley and Dr. Rajan, there will be some challenges which may test the strength of this combine.
