World | Economy | Business

India's New Central Banker Steps Into A Perfect Storm

NPR | Sept. 6, 2013 5:54 p.m.

Contributed By:

Julie McCarthy

Rahul Kaker owns a factory that makes car components.

Rahul Kaker owns a factory that makes car components.

NPR, Julie McCarthy

India, the once bright star of Asia’s constellation of emerging economies, is now suffering from the worst slowdown in a decade. The Indian economy is reeling from what analysts call a perfect storm: rising inflation fueled by a dropping rupee. The currency has lost some 16 percent of its value in three months as investors pulled out of falling markets.

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