India regained its status as the world's fastest growing major economy in the October-December quarter, surpassing China for the first time in a year as government spending, manufacturing, and services all picked up. Ministry of Statistics data showed India's economy grew 7.2 percent in the December quarter, beating China's 6.8 percent,...
Urjit Patel Assumes Role of Central Banker in India
Deputy governor in charge of monetary policy at the Reserve Bank of India since 2013, Urjit Patel will take over charge of the central bank, replacing Raghuram Rajan, the outgoing governor, who returns to the United States. Patel holds a bachelor's degree from the London School of Economics, a master...