RBI, heal thyself

It was so easy to hide one's follies just a few months ago. The former finance minister, and now president, Pranab Mukherjee, had made it so simple. With his ministry practising retrograde economics, the common explanation to all of India's growth problems was "policy paralysis" at the Centre. To be sure, his policies were endorsed and perhaps even dictated by Sonia Gandhi's National Advisory Council. 

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