India's looking for a new central bank governor to perform a tough balancing act
- Written by Pravakar Sahoo, Associate Professor, Institute of Economic Growth, and Visiting Fellow, Bruegel, University of Delhi
This week’s long-speculated departure of Indian central bank Governor Raghuram Rajan reflected the Indian government’s view that he was no longer welcome at the helm. But it also reflects the challenges all central bankers face in driving an economy.
Post the news, there has been a lot of unnecessary hype about his exit and the likely...