The Raghuram Rajan election as a political figure of the Indian nation is an advantageous move on the part of India. The Indian economy is experiencing the same financial problems as the European Union and the United States. Officials elected are mandated with the responsibility of improving the nation's economy.
I do not believe that Raghuram Rajan can rejuvenate the difficult times of the Indian economy by himself. It will take a comprehensive team of leaders and people of the country over a long period of time to rejuvenate the economy. This cannot happen by the works of one single person.