Faced with the declining value of the rupee and a widening current account deficit (CAD), Reserve Bank of India (RBI) Governor-designate Raghuram Rajan said there was no magic wand to address the challenges before the country overnight and he would endeavour to deal with them one at a time.

Rajan, 50, who has been in the finance ministry as chief economic advisor for barely a year, will replace Duvvuri Subbarao as RBI Governor. Read More

Jyothi Shankaran

    Jyothi’s last role was as Senior Editor with the business news channel Bloomberg TV India. He also worked as News Editor at business-standard.com, the online version of the business newspaper Business Standard. Jyothi is a chemical engineer from the Regional Engineering College, Srinagar.

    Donate to IndiaSpend

    Support IndiaSpend’s award-winning investigative journalism.

    Your tax-deductible contribution to IndiaSpend will help us, and other publications around the country, reveal critical stories that otherwise wouldn’t be told - stories that make a difference!