NEW DELHI: The euphoria which greeted new central bank governor Raghuram Rajan has been unprecedented in India’s normally sober financial world but the honeymoon may be shortlived.
Analysts said it was a mistake to believe the suave star economist, whose first day on the job last week that one financial daily likened to the “central banking equivalent of a blockbuster movie opening”, is a miracle man who could rescue India’s ailing economy.
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