Subramanian Swamy thinks that Raghuram Rajan is not fit for the post of RBI Governor

BJP leader Subramanian Swamy has shamed the entire government by saying that Raghuram Rajan, the Governor of Reserve Bank of India, should be removed from the post, given that he was responsible for "unemployment and collapse" of industrial activity.

"In my opinion, RBI Governor is not appropriate for the country. I don't want to speak much about him. He has hiked interest rates in the garb of controlling inflation that has damaged the country," he told reporters in Parliament House.

He further added that, "the sooner he is sent back to Chicago, the better it would be."

Ever since Rajan assumed charge as the RBI governor in September 2013, he has gradually raised the short-term lending rate from 7.25% to 8%, having retained the high rates throughout 2014. The rates were started to be lowered in January 2015 by the government, and have since come down by 1.50% to now stand at 6.50%.

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