To that extent, he would have the unsurpassed advantage of having been on both sides of the wall.
For he, better than anyone else perhaps, understands the possibilities and limitations of all the tools that can be employed to control inflation.
Veteran observers of the North Block-Mint Road axis are not at all surprised at his appointment. The 59-year-old native of Andhra Pradesh brings formidable academic and administrative credentials to the job.
At a time when the role and work description of India's central bank is undergoing a review, Subbarao’s career profile will be an added advantage.
Image: A security officer stands guard outside the Reserve Bank of India headquarters in Mumbai | Photograph: Indranil Mukherjee/AFP/Getty Images
Also view: 'Inflation beyond tolerance levels'
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