The head of India’s central bank has made an unusual appeal for tolerance, warning the economy will never reach its potential if debate is stifled.
Reserve Bank of India Governor Raghuram Rajan made the case for tolerance Saturday in a speech at the prestigious Indian Institute of Technology.
“India’s tradition of debate and an open spirit of enquiry is critical for its economic progress,” he said.
Rajan’s comments — a rare public departure from the nuts and bolts of monetary policy — come amid a heated debate in India over religious tolerance and minority rights.
The central banker did not call out specific officials or political parties, but his comments were interpreted by many observers as a rebuke to Hindu nationalist politicians.