June 5, 2016

If Modi government asks Raghuram Rajan to go, India will lose billions of dollars in foreign investment

If Rajan is asked to leave, India will suffer a mass exodus of foreign portfolio investment. Tens of billions of dollars will flow out, maybe as much as 100 billion (if this coincides with some other bad news like a further Chinese slowdown or British exit from the European Union). The stock markets will crash and the currency markets will panic. India will be bruised severely. Those wanting Rajan's exit need to understand the consequences of what they wish for.

Like it or not, Rajan h ..

Read more at: http://economictimes.indiatimes.com/articleshow/52599171.cms

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