It doesn’t get more serious than this.
After weeks of being sniped at, the celebrated central banker of Asia’s third largest economy announces that he won’t seek a second term. The government—and indeed, the country—are caught off guard. There are concerns over the stability of the markets, the currency, the government’s reform trajectory and even the central bank’s independence.
Still, India’s cartoonists managed to spot the humour in Raghuram Rajan’s impending exit from the Reserve Bank of India, which was announced over the weekend.
Here’s a curated collection:
Over the last two months, critics of Rajan led by Bharatiya Janata Party’s Subramanian Swamy have sharply attacked the RBI governor and made a series of bizzare allegations. Then, too, the humour was not lost: