..........The truth is that we are years away from knowing if Modi is the moderniser he claims. Rajan, though, can play a key role in keeping the prime minister on the right track. The central bank governor is proving himself to be an adept politician; on Monday he was careful to praise Modi’s plan to create bank accounts for the poor -- into which aid cash can be transferred -- even while implicitly criticising the government’s decision to kill the WTO deal. If Rajan can make a dent in the billionaire problem he’s long lamented, he may just make India -- and the world -- a more vibrant place.
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