When Raghuram G. Rajan took charge as RBI Governor in September 2013, the rupee was in free fall, inflation was high, India had a large current account deficit, and exchange reserves were falling.
As every measure failed to stabilize markets, speculators sensed a full-blown crisis. Rajan's response was to go all out, not just to tackle the crisis of confidence, but also to send a strong message about the strength of India's institutions and the country's ongoing programme of reform.
Rajan's commentary and speeches in I Do What I Do convey what it was like to be at the helm of the central bank in those turbulent but exciting times. Whether on dosanomics or on debt relief, Rajan explains economic concepts in a readily accessible way.
Equally, he addresses key issues that are not in any banking manual but essential to growth.
I Do What I Do offers a front-row view into the thinking of one of the world's most respected economists, one whose commitment to India's progress shines through in the essays and speeches here.
I Do What I Do
Raghuram G. Rajan