Raghuram Rajan has been nominated Governor of the Central Bank of India. The chart below illustrates the Indian economy from an MM perspective.
Some months ago Lars did a post contesting an Indian economist who was mistaken about market monetarism and NGDP level targeting: “India needs market monetarism”
Rajan is a finance guy and is unlikely to do well as a central banker. But I hope I´m wrong.
Here´s a link to some RR pieces for Project Syndicate.