 "urjit patel, rbi governor, patel")
No, the heavens haven’t fallen. Foreign investors haven’t fled. The rating agencies haven’t downgraded India. The markets haven’t collapsed — on the contrary, the Sensex has gained nearly 3 per cent since the new Reserve Bank of India (RBI) governor was appointed and the yield on 10-year government bonds has fallen. This, despite the political uncertainty created by the results of state elections.
For more than a month preceding the appointment of Shaktikanta Das as RBI governor, media commentators and experts had created a sense of crisis, if not a looming national disaster, over the differences between the government and the
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper
