The RBI is not statutorily independent from the government but has long enjoyed wide latitude As India seeks a new central bank chief, many investors are pushing a clear message: the successor to......
Bankers and government officials told Reuters Rajan's successor may be less aggressive in fighting bad loans, but the general direction will remain the same India's move to clean up the books of......
The first signs of growing bonhomie between Modi and Rajan came early last year, when Modi called Rajan the "best teacher" for explaining complex economic issues to him. Image: Modi's support......
The slowdown is especially pronounced in rural areas, which have suffered two consecutive dry years. From rural motorbike sales to rail freight, economists and even the central bank are devising......
Image: Workers pull a cart laden with metal sheets at an industrial area in Mumbai. Photograph: Arko Datta/Reuters India's economic growth slowed to a lower-than-expected 7 per cent in the three......