RBI’s 2012 policy rates: What makes Subbarao click?

The government and investors set the agenda for the executive in normal times. But the year 2012 will go down in Indian financial history as the executive setting it for the government and convincing investors that it is right and not them. It was an extraordinary year for the Indian economy with investments plunging, profitability falling, and the much-cherished growth rate falling to a near decade low. Read more