ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

World watches as India's central bank prepares to fund government

Direct financing of fiscal deficits is looking attractive despite inflation risks

| India
Governor Shaktikanta Das at a news conference in Mumbai, pictured on Feb. 6: in return for handing its wallet to Team Modi, the RBI should extract reform pledges.   © Reuters

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

Economists searching the globe for policy exemplars rarely look to Mumbai. But the Reserve Bank of India may soon start a trend peers everywhere are almost sure to follow.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more