Wednesday, August 14, 2013

Two pluses, one minus and an unknown

..............Overall, his thinking seems to be in the Fund-Bank mould - when what has saved India in the past is going against received wisdom. The Indian economy and the social forces driving it are far too complex for solutions of any particular kind to work. Besides, there's no point in having a brilliant RBI governor if politicians do not listen to him. You need a person who is able to add persuasion to advice behind the scenes. In this, an insider who knows how the system works has a greater chance of success.

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