Why Subbarao is the last man standing in a world gone mad

..........Duvvuri Subbarao’s first quarter review of monetary policy shows why he can now be rated as one of the best central bankers in the world today. While the rest of the world’s central bankers are busy giving money away free to rescue growth, the Reserve Bank Governor has refused the follow their failed pathways to non-growth. He thus has ammo left to rescue the economy if – and when – the going gets worse......

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