dr gs sood

Temporary cheer

THE market greeted the youthful RBI governor with all-round cheer by showing an impressive rally of 10 per cent, the rupee recovering by a sharp 10 per cent, trade deficit recording its lowest figure in the past four months and so on, simply due to his sharp understanding of the economy and financial markets. All this probably got support from abroad with FIIs buying to the tune of US$2 billion worth of Indian stock backed by the Federal Reserve’s decision to defer the tapering.

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gfiles is the country's first independent magazine written, designed and produced for India's civil services—the vast and formidable network of bureaucracies and public sector organisations that provides continuity and stability to this nation's governance.
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