‘Tolerance and respect for economic progress is a must’ says RBI Governor, Raghuram Rajan at his alma mater IIT-Delhi
RBI Governor addressed the 46th Convocation Ceremony held at his alma mater IIT-Delhi on Saturday, October 31, 2015 on why "India's tradition of debate and an open spirit of inquiry is critical for its economic progress" and the need for "tolerance and mutual respect".
During his lecture, he spoke up against culture of bans and intolerance by saying 'resort to bans will chill all debate'. "Tolerance can take the offense out of a debate, and indeed instil respect. If I go berserk every time a particular button is pressed, rebels are tempted to press the button, while mischief-makers indeed do so," he said.
Mr. Rajan, aptly aware of the requirement of speech at the convocation ceremony, said undue political correctness throttles progress and it should just as the excessive license and disrespect do. Mr. Rajan with his transparent views has spelled out the aptitude and question is crucial to India’s advancement.
He suggested that more intelligent ways of working will enable us to leapfrog old methods and come more quickly to the production possibility frontier – as for example, we have done in parts of the software industry. He opined that this will let to be at the frontier and once you reach at the leading edge and using the best methods in the world will open doors for innovation.
Source: Apurv Malik, HT Campus Specialist