BJP MP Subramanian Swamy said that PM Narendra Modi should make him the Finance Minister citing that "the PM does not understand economics," as reported by ThePrint. Taking a dig at Finance Minister Nirmala Sitharaman, he said that "less said the better."
He also criticised the former RBI governor, Raghuram Rajan, and said that "the mad fellow from America increased the interest rates and hence the capital cost of funding went up." He also said that Rajan was reponsible for many small and medium industries shutting down.
Swamy was speaking at the 8th edition of The New Indian Express' ThinkEdu Conclave in Chennai on Thursday. ThePrint quoted him, "Economics is a macro subject where one sector has an impact on the other sector impact. That you have to understand. You can’t just go to JNU, get a degree and learn anything.”
“He (Prime Minister Narendra Modi) has to make me the finance minister because he doesn’t understand economics. (About Nirmala) Sitharaman less said the better…,” ThePrint quoted Swamy.
He said that if he gets the Finance Ministry, he will handle it well.
ThePrint quoted him,“But my problem is I am not only an economist but I am also a politician and If I get the finance ministry and do well, people are afraid I might turn around and say well now I am saturated with finance ministry please give me the prime ministership and that is something he doesn’t want.”
Talking about the economy, he said that the economy is in a serious problem right now.
He also criticised former RBI governor Raghuram Rajan while he was speaking about the measures to revive the economy. “There is no such thing as a straight-line answer. Supposedly, I increase interest rate like that mad fellow from America Raghuram Rajan. He went on increasing the interest rate. But what were the other consequences? The capital cost of funding went up and small and medium industries started closing down,” ThePrint quoted him.