NEW DELHI: Expressing surprise at RBI Governor Raghuram Rajan's decision to leave RBI and not seek an extension, former governor D Subbarao today said Rajan's continuance would have "immensely benefited" macroeconomic management of the country. "I can say I was surprised by Governor Rajan's decision to not be considered for the appointment (extension of his term). I think he had done a great job, and that our macroeconomic management would have benefited immensely if he had continued," Subbarao told a television channel.Asked who is best placed for the post of RBI Governor, Subbarao said, "Even a person without economics background, if he has got sufficient intelligence and leadership qualities... can lead RBI. "I had said in a lecture that we should have MPC," he noted.Subbarao added that the professional competence of RBI is best in the world So, this belief that the Governor must be an economist, we should not carry it to far.

Source: Economic Times July 25, 2016 16:00 UTC