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Deepak Parekh

October 4, 2004

Executive Chairman, Housing Development Finance Corporation

K Vaman Kamath

October 4, 2004

Managing Director and CEO, ICICI Bank

Arun Kumar Purwar

October 4, 2004

Chairman and Managing Director, State Bank of India

Ghyanendra Nath Bajpai

October 4, 2004

Chairman, Securities and Exchange Board of India

Yaga Venugopal Reddy

October 4, 2004

Governor, Reserve Bank of India

Sitaram Yechuri

October 4, 2004

Member, Politburo, Communist Party of India (Marxist)

Montek Singh Ahluwalia

October 4, 2004

Deputy Chairman, Planning Commission

Palaniappan Chidambaram

October 4, 2004

Finance Minister

Dr Manmohan Singh

October 4, 2004

Prime Minister

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.

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