Rajan had no degree in economics: Subramaniam Swamy

New Delhi: In a fresh attack at the outgoing RBI governor Raghuram Rajan, BJP leader Subramaniam Swamy has made claims that the former does not have a degree in economics.

Further, the party veteran went on to say that he has a lot of expectations from the newly selected RBI governor Urjit Patel.

Swamy in his statement to a news agency said, “He (Patel) has a PhD in economics and a degree from Yale, Raghuram Rajan had no degree in economics. After engineering, he did management. He did not have the general equilibrium regarding economics. Urjit Patel has been the deputy governor for so many years now, so this will not be new for him. I have high hopes from him.”

Rajan, whose term as the RBI governor ends of September 4, 2016 said that after this he would return to academia and that he would always be there to serve the country in time of need. Also, he went on to say that Urjit who would be stepping in his shoes soon would take the nation to new heights.

As of now, Rajan is on a leave from the Chicago Booth School of Business where he works as the Distinguished Service Professor of Finance.

On the announcement made by Rajan over not continuing to serve as the governor of RBI any further, Swamy attacked him by saying that he has taken this decision so as to save his self respect.

Whereas, accepting Rajan’s decision over the same, Finance Minister Arun Jaitley said that the Centre appreciates good work done by him.