Although I'm not familiar with Raghuram Rajan's work, anyone will be better than Kaushik Basu (as India's Chief Economic Adviser). The positive feature of Raghuram Rajan is that he has fought against Paul Krugman.
Anyone who does that is a sensible man, and must be at least given a chance to prove himself.
Kaushik Basu's tenure has been a disaster.
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