For the moment, everyone with even a tangential interest in the Indian economy is feeling gung-ho about the rate cut by Reserve Bank of India governor Raghuram Rajan. They should be, for Rajan himself has said, in so many words, that it marks a reversal of the central bank's stand on rates and that more cuts can be expected in the months to come.
But more on that later.
Behind the rate cut lies a shining example of institutions - and the powerful individuals heading them - respecting their arms-length relationship and autonomy and going about their business in a dignified manner for the greatest collective good.
But more on that later.
Behind the rate cut lies a shining example of institutions - and the powerful individuals heading them - respecting their arms-length relationship and autonomy and going about their business in a dignified manner for the greatest collective good.
Read more...
Visit us at: www.indiaincorporated.com
To Top