August 7, 2013, Washington DC: The Alliance for US India Business (AUSIB) congratulates Raghuram Rajan on his appointment as the new Governor of the Reserve Bank of India. Raghuram Rajan’s acute understanding of the Indian as well as international economic scenario is expected to help the RBI arrest the falling Rupee and growing inflation in India.
Rajan is currently the Chief Economic Advisor to the Indian Government and was also a chief economist at the International Monetary Fund (IMF). An IIT, IIM and MIT alumni, Rajan was acclaimed for his predictions of the 2008 economic crisis. He has been involved in India’s economic policy making at various levels. He will take over from the current Governor of RBI, D Subbarao from September 2013.
Congratulating Raghuram Rajan’s appointment, AUSIB President Mr. Sanjay Puri said, “Mr. Subbarao was an exceptional economist and provided good leadership during India’s ongoing issues of inflation and falling value of the Rupee. Mr. Rajan now has a tough road ahead and big shoes to fill. We believe that his international experience and understanding would help him streamline India’s economic policy to help it thrive even in today’s challenging times.”
About AUSIB: The Alliance for US India Business (AUSIB) is leading non-profit trade association that offers a pathway to help your business succeed in the US and India. Founded in 2004, AUSIB continues to be instrumental in building the bridges of business and educational cooperation between the two countries. AUSIB's Higher Education Initiative - AUSIB EduNext - looks beyond standard practices to set new milestones, mobilize organizations, and drive tangible results to empower and make Educational Institutes more Capable and Future Ready.
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