Mr. Rajan, whose term expired on Sunday, is credited with helping stabilize the Indian economy. lawmaker declaring that Mr. Rajan was “mentally not fully Indian,” in part because he holds a United States green card, allowing him to work and live there. Narendra Modi, India’s prime minister, later denounced the attacks, but only after Mr. Rajan said he was leaving the job. With Mr. Modi preparing for contentious local elections, some observers have said the government did not want Mr. Rajan to stay because it needed a looser monetary policy to bolster growth. Mr. Rajan, leaning back in his chair and laughing at times during the interview, disputed that claim.

Source: New York Times September 04, 2016 12:22 UTC