Dear Editor,
The choice of Urjit Patel as the next Governor of the Reserve Bank of India should ensure a smooth transition and continuity in monetary policy. His first challenge will be in managing the mountain of bad debt in government-owned banks. It is said that Dr. Patel is a strict fiscal disciplinarian, an “inflation warrior” and the “right man” to succeed Raghuram Rajan. Will he be allowed to succeed?
Vinod C. Dixit,
Via-e-mail