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Raghuram Rajan has left the building. Here are his outstanding achievements as RBI Governor

Aug 9, 2016, 15:31 IST
When Raghuram Rajan took over as the Governor of Reserve Bank of India (RBI) in September 2013, the Indian economy was being referred to as ‘fragile’.
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Three years back, there was lack of confidence about the Indian economy, the sentiment was low, rupee was nose diving and the inflation was at all time high.

After Rajan took the reins in his hands, the Indian economy flourished and now is one of the fastest growing economies of the world.

When the former chief economist of IMF, Rajan, walked into the RBI, he had a lot of muck to clear and steer India’s fortunes on a growth trajectory.

Today, India is at this juncture due to Rajan’s and his team’s concentrated efforts that pulled the country out from lower rungs and saved us from Lehman-like crisis.

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In these three years, Rajan worked with political system, had an individual approach with critics on his back and just worked with his head down.

As he bids adieu to the RBI chair, here are some of his significant approaches that set India on a growth trajectory.

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