‘Mic’, today, seems to be the much-ado about nothing.No mic, no problem — the most important voice in Indian monetary policy may be the one that did not speak. In the sphere of monetary policy, much like in diplomacy, the most consequential contributions often occur away from immediate public view. The expectation that Dr Poonam Gupta, the newly-appointed Deputy Governor of the Reserve Bank of India, should have (been allowed to) asserted herself prominently during her first post-policy press conference belongs to an era dominated by performative discourse and overlooks the inherent gravitas, in tune with gravity and institutional culture that define central banking.
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