People in the financial services sector make or break an economy. These are the most secretive of the people who make it impossible for anyone to forecast as to what they would do. Now into the penultimate phase of his three-year tenure as the Governor of the Reserve Bank of India, Duvvuri Subbarao has surprised a lot of people not just in Mint Street but also in New Delhi. Once seen as the finance ministry’s man in India’s central bank, Mr Subbarao appears to have come into his own, pitching for greater autonomy. This year, it is not only his inflation management that will be watched but also whether the government would be comfortable, approving a second term for him.
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