So far the Indian economy has lived on hope and that is not sustainable unless backed by good monsoon and a robust global economy. Since both are suspect, internal growth is the only way forward.
There is nothing to "complain", Dr. Swamy gave sound advice, the Modi govt. will no doubt give it serious consideration and do what is possible under the given circumstances.
Rajan is a western affiliated economist who the "foreigners" love. They love him because he thinks like them, talks like them and helps them with THEIR agenda.
1. Rajan eased curbs on foreign banking by encouraging large foreign banks to become local subsidiaries.
2. He permitted while lable ATM to accept INTERNATIONAL Cards.
3. He has permitted banks without ATM to issue Debit cards.
The foreign banks who has access to CHEAP funds will not get to charge 36% interest in India and make a killing. If Rajans name is being splashed in the Media, its because Indian media sells itself to the highest bidder.
The BJP wanted to dump Rajan the moment they come into power, only they did not want to rock the boat and scare the international investor who saw in Rajan a kindred soul.
........ what is the other option ?
