The Manmohan Singh government has done well to pick Raghuram Rajan as the new occupant of the spacious office on the 18th floor of the Reserve Bank of India (RBI) building in Mumbai. He will be the 23rd governor of the Indian central bank, Mint reported.
Rajan is an accomplished economist though his administrative experience is limited, a fact that could work to his advantage if he brings the natural freshness of an outsider to the job. But he will have to balance an urge to introduce new ways of doing things with an assiduous attempt to build trust with an organization that has been rattled by unnecessary interference from New Delhi in recent years.
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