Business Today

'If I were the PM, would have picked Arun Jaitley over Bimal Jalan as FM'

Arun Jaitley, with his vast experience and charisma can don the role of a finance minister and revive Asia's third biggest economy. 

Avinash Murali Nair        Last Updated: May 26, 2014  | 11:54 IST
'Would have picked Arun Jaitley over Bimal Jalan as FM'
BJP leader Arun Jaitley. Photo: Reuters

In the backdrop of what could be called a sensational win in the election, primarily owing to the promise of running a better economy, it would be my foremost priority to revive the appalling state of economy. For the finance portfolio, my choice would be between Arun Jaitley, Arun Shourie and Bimal Jalan. However I would choose Arun Jaitley over Bimal Jalan, in spite of the fact that Bimal Jalan is a former Governor of India's Reserve Bank.

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India was led by a technocrat for 10 years and it has not done much good for the economy. We have good technocrats like Raghuram Rajan and Nandan Nilekani who can manage the backend of the financial system; however the front office can be better led by a politician who can work his way around crucial legislations. Arun Jaitley, with his vast experience and charisma can don the role of a finance minister and revive Asia's third biggest economy. 

Avinash Murali Nair is a student at IIM Shillong (2013-2015 batch).

An earlier version of this article had the byline of a Business Today writer who sourced it from the B-school student-author


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