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The professor's chronicle of reforms

Former RBI Governor C Rangarajan's memoir is an analytical supplement to the history of the central bank, and useful in understanding the foundational measures for undertaking deep reforms

Forks in the Road: My Days at RBI and Beyond
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Forks in the Road: My Days at RBI and Beyond

M S Sriram
Forks in the Road: My Days at RBI and Beyond
Author: C Rangarajan
Publisher: Penguin
Pages: 346
Price: Rs 699

C Rangarajan’s memoirs, which are largely about the work in Reserve Bank of India (RBI), are different from the two other books written by former governors. Y V Reddy’s memoirs were about his professional life, with a large part of it focused on RBI and the financial system, and D Subbarao’s were restricted to his five-year stint at the RBI and nothing beyond. Both memoirs described the challenges the writers faced in their respective positions within a larger frame of personalities, hierarchies, tensions