Malhotra’s first year as RBI governor saw India’s economy break into a Goldilocks run but we can’t take it for granted
In fairness, though, some credit for India’s neither-too-hot-nor-cold scenario must be shared with three other entities: the government, which appears to have given him a free hand after its calls for monetary easing weeks before he took office, the institutional strength of RBI, and last but not least, the element of luck.
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