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A month down the line, The Reserve Bank of India (RBI) will get its youngest chief. On september 5, Raghuram Rajan, 50, former chief economist at the International Monetary Fund, will take over as the 23rd RBI Governor.
Here is what top government officials and industry captains have to say about the appointment.
Rakesh Mohan, former Dy Governor, RBI
Delighted with Rajan's appointment as RBI Governor; his familiarity with international economic developments will help Indian economy
C Rangarajan, Chairman, PMEAC
He is an excellent choice as RBI Governor, has been dealing with economic issues for quite some time.
Montek Singh, Dy Chairman, Planning Commission
Can't think of anyone better for the job
Bimal Jalan, former RBI Governor
Extremely experienced, excellent economist. Will cope with the problems we face.
Deepak Parekh, Chairman, HDFC
A very good choice. Has a very good understanding of global monetary policy.
Vallabh Bhansali, Chairman, Enam Group
Will bring fresh approach to RBI. Will be able to bring confidence to the market
