Former RBI Governor D Subbaroa shares insights from his new book, “Just a Mercenary,” discussing India’s economic policy and fiscal management. He emphasizes the importance of selecting the best candidates, regardless of background, for the role of RBI governor. Subbaroa advocates for the central bank’s independence, acknowledging government consultation while stressing autonomous decision-making. He addresses contentious issues like dividends from RBI reserves and fiscal federalism, suggesting institutional mechanisms for resolution.
Former RBI Governor Discusses Economic Policy and Fiscal Management
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