Urjit Patel right man to succeed Raghuram Rajan: Narayana Murthy

Infosys founder NR Narayana Murthy hoped that Urjit Patel, the new RBI Governor, would balance growth and inflation.
File photo of Infosys Technologies co-founder and chairman Narayana Murthy. (Reuters)
File photo of Infosys Technologies co-founder and chairman Narayana Murthy. (Reuters)

NEW DELHI: After backing a second term for Raghuram Rajan, Infosys founder and IT doyen NR Narayana Murthy today called Urjit Patel as the "right man" to succeed Rajan and hoped the new Governor will balance growth and inflation.

"He is the right man to succeed Raghuram Rajan. Who better than him to see what needs to be done to stimulate growth and contain inflation," Murthy said while extending wishes to Patel on his appointment.

The IT doyen had batted for re-appointment of the former IMF chief economist saying he deserved at least two more terms for all the "great job" he has done.

On his wishlist from the new governor, Murthy said Patel should continue with what Rajan started in terms of balancing growth and inflation and clean up of banking system.

Asked if India Inc would be disappointed given Patel's stance on inflation, Murthy said: "Technical issues must be left with experts. I as a citizen of the country will accept what he decides. Who am I to second guess him!"

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