Word: rajat
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Dates: during 2010-2019
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...banks' nonperforming assets were deteriorating materially." Nor do analysts harbor the same concerns that India's monetary policies are sending prices of Indian real estate to bubble levels. "India's growth, though less stellar, does have the reassuring factor that the [risks of] asset price bubbles are less," says Rajat Nag, managing director general of the Asian Development Bank in Manila...
...providing land to the landless was his greatest contribution," says Mohammed Salim, a colleague of Basu's in government. By the 1980s, West Bengal had gone from a famine-plagued state dependent on food subsidies to a surplus grain producer. "But that's where it all ended," says Rajat Roychowdhury, a political analyst based in Kolkata, West Bengal's capital. Resting on its agrarian reforms, the state became a byword for industrial decay, as its share of India's industrial output fell from 9.8% in 1980 to 5% in 1998. "Basu didn't do anything for industry...