Shankar Acharya: One-eyed king?
The inconvenient truth is fairly straightforward. India is still a very populous and poor country
Over three months ago, Reserve Bank of India (RBI) Governor Raghuram Rajan, got into some hot water for likening (to a foreign journalist in the United States) India's good economic performance (relative to other major world economies) as a case of "in the kingdom of the blind the one-eyed is king".
There was strong criticism of his remark from many quarters in India, including by some government ministers. There is a view that this "gaffe" may have been the proverbial last nail in the coffin for his chances of being renewed in his stewardship of the RBI in September, ...
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First Published: Wed, August 10 2016. 21:50 IST