Raghuram Rajan begins with a bang

Raghuram Rajan has hit the ground running. He has done well to begin his tenure as governor of the Reserve Bank of India (RBI) by clearly stating what he intends to do in the months ahead. Rajan has been put in charge of monetary affairs at a very difficult time, so his most immediate task will undoubtedly be to deal with the storm clouds that hang over the Indian economy.

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