............He is no magician who can overnight transform the bleak economic situation into a high-growth economy. Besides, the onus for correcting the policy stance lies with the rulers in Delhi and not with the Governor in Mint Street, Mumbai. Happily for Rajan, he received great help from the US Fed, which swung the global markets in the positive direction on Thursday by its decision to put off the threatened tapering or withdrawal of easy liquidity................
Read - FPJ
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