RBI Governor ,Raghuram Rajan expressed
concern that the world may be slipping into
the kind of problems of the depression of the 1930's and an international consensus was needed to be built over time.
In the same breath,Mr.Rajan said that the
macro economic fundamentals of the country
(India) have improved for the past Two years
and the emerging markets like India are
better placed to face any eventuality.
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