Raghuram ki Jai! On September 4th, 2013 Subbarao stepped down as a - TopicsExpress

Raghuram ki Jai! On September 4th, 2013 Subbarao stepped down as a the chief of Reserve Bank of India making way for Raghuram Rajan to become the 23rd Governor of the Reserve Bank of India. But as a very famous dialogue in the movie Spiderman goes "With great Powers Comes Great Responsibilities", Rajan too has a tough balancing act to implement: arrest the rupee slide, cool inflation and spur growth. A task many economist describe as the central banks "impossible trilemma"...

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