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India must regain investor trust

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Second RBI chief quits amid autonomy clash with government

By Meghnad Desai in London
Tuesday 11 December 2018

Urjit Patel’s resignation as governor of the Reserve Bank of India echoes what his predecessor, Raghuram Rajan, did a little more than two years ago. India’s government is acquiring a reputation for invading the autonomy of institutions, harming the country’s standing as a haven for foreign investors, writes Meghnad Desai.

Click here to read Lord (Meghnad) Desai’s full commentary on the resignation of RBI Governor Rajit Patel and the influence of the Indian government over the central bank.

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