Rajan: The ‘rockstar’ central banker who rocked too many boats

ecially in the ruling regime, which ultimately prevailed in ensuring that he returns earlier to the “realm of ideas” at the University of Chicago’s Booth School of Business.

Experts say his biggest legacy would be steering the economy out of what seemed like a never-ending crisis – with a bleeding rupee, unsustainably high CAD and precarious external position – and then creating a framework through cleaning banks’ books, market liberalisation and putting bank licensing on-tap, which will all go a long way to make a conducive environment for the next wave of growth.