Raghuram Rajan: Financial sector reforms Talk by Dr Raghuram Rajan, Governor of the Reserve Bank of India, at the Delhi Economics Conclave 2013, Delhi, 11 December 2013. *  *  *  The economy is stabilizing, but there is no room for complacency. Some part of improvement in the CAD has happened due to suppressing gold imports.
Not all the measures to reduce fiscal deficit are of high quality. We have considerable work to do still. At the same time the country faces elections next year. A stable government post elections, while likely, cannot be taken for granted.