India's economy may be growing at its slowest pace in a decade, but that isn't stopping so-called 'rock star' central bank chief Raghuram Rajan's battle to control runaway prices. The ex-IMF and University of Chicago heavyweight raised interest rates for a second straight month, despite markets bracing for the unwinding of U.S. stimulus and recent downgrades to the country's outlook. So is the governor's tough medicine likely to return the economy, and the ailing rupee currency, to health?
India's chief economic adviser, Raghuram Rajan, tells the BBC that the government is taking steps to re-energize growth in the country.
Stephen Sackur is joined by Chandran Nair, founder of the Global Institute for Tomorrow and Raghuram Rajan, former IMF economist and now an economic adviser to the Indian prime minister.
India's new central bank governor, Raghuram Rajan, says India is not in danger of a crisis - and speaks about being dubbed a 'rock star' central banker.
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