Shumita Sharma Deveshwar

Director, India Research
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Recent India research

* India: Stake sales to test Modi’s political will, Shumita Sharma Deveshwar, 10 Aug 2017
* India: Competition with China enters new phase, Amitabh Dubey, 3 Aug 2017
* India: Smooth GST rollout masks important risks, Shumita Sharma Deveshwar, 27 Jul 2017
* India: Politics hampers RBI’s battle for credibility, Shumita Sharma Deveshwar, 13 Jul 2017
* India: Food deflation changes electoral dynamics, Amitabh Dubey, 7 Jul 2017

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India Monitor: Why Rajan will stay on as RBI Governor


The speculation over whether Reserve Bank of India (RBI) Governor Raghuram Rajan will have his term extended has made headlines again. Last week a senior member of the ruling Bharatiya Janata Party (BJP) wrote a letter to Prime Minister Narendra Modi asking him to dismiss Rajan when the Governor’s current term expires in September, calling Rajan’s efforts to contain inflation through higher rates “disastrous”. The head of India’s central bank usually serves a five-year term – a...

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