Executive Chairman, Housing Development Finance Corporation
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Arun Kumar Purwar
October 4, 2004Chairman and Managing Director, State Bank of India
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Ghyanendra Nath Bajpai
October 4, 2004Chairman, Securities and Exchange Board of India
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Sitaram Yechuri
October 4, 2004Member, Politburo, Communist Party of India (Marxist)
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Montek Singh Ahluwalia
October 4, 2004Deputy Chairman, Planning Commission
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The Magnificent ten
October 4, 2004
India’s current government and finance scene includes an energetic, forward-thinking and pragmatic team. Kala Rao profiles the 10 key decision-makers.
When, against the odds, the Congress party triumphed in India’s national elections in May, the country’s stock market nosedived. Investors feared that state intervention and meddling would come back into fashion, interest rates would rise and prospects for economic growth would diminish. In short, India’s reform process would move quickly into reverse.