Raghuram Rajan, the new Governor of Reserve Bank of India, said India's economy was "fundamentally sound" and had a "bright future" in his first remarks after taking the helm at the central bank.

Highlighting his top priorities, Dr Rajan said "protecting the value of money is an important objective" and "low and stable levels of inflation" remains crucial. He said he will formulate policies that will lead to "faster, broad-based inclusive growth leading to fall in poverty." Read More

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