The former RBI governor said developing economies were in a stronger position to absorb interest rate hikes by the US Fed than during the so-called taper tantrum in 2013.
Despite India's state-run banks being in a rundown condition, the country's rich private banks are keeping investors' belief alive in the Indian economy.
The charge against Manmohan Singh, always, was that he was weak. Unwilling to shoo away encroachers on his authority and shy of defending his own policies.
Until now, units operating even in recognised industrial areas needed a separate factory licence. The move is expected to especially give a boost to small and medium enterprises.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
COMMENTS