Question

2. What brought about the radical change in the way Rajan viewed life?​

Answer 1

Answer:

Raghuram Rajanlooks relaxed as he strides into a conference room on the 18th floor of the Reserve Bank of India in Mumbai, settling down in front of more than a dozen portraits of the institution’s former governors. But while his central bank predecessors were often seen as cautious and risk-averse, Mr Rajan has bolder plans: a wide-ranging and potentially radical agenda to curb inflation, boost competition and challenge corporate vested interests throughout India’s fast-developing financial sector.

The former International Monetary Fund chief economist says crisis management dominated his early months, taking over in early September in the midst of India’s worst financial crisis in two decades, and only days after the rupee had plunged to its lowest level against the US dollar. His arrival is credited with a market turnround – dubbed the “Rajan rally” by some analysts – as investors took confidence from his stellar academic CV, calm public persona and reputation for imaginative, reform-minded thinking.