India's puzzle: How do you replace a 'rock star' central banker?

India’s newspapers are booming

India’s government is facing a difficult challenge: How do you explain the premature departure of a “rock star” central banker who played a major role in transforming the country’s economy?

The surprise announcement this weekend that Raghuram Rajan will step down as governor of the Reserve Bank of India in September has set off a wave of speculation over the circumstances of his departure, and the future of India’s economy.

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