Ray of hope or flash in the pan? India seeks a change in fortune with Rajan as governor of RBI

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Ray of hope or flash in the pan? India seeks a change in fortune with Rajan as governor of RBI

The appointment of Raghuram Rajan as the new governor for the Reserve Bank of India on Tuesday has brought some sorely needed optimism for Asia’s third largest economy. But economists have warned that the problems plaguing India are likely to be beyond even the man who predicted the causes of the global financial crisis as far back as 2005, writes Rev Hui.

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