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Opinion
Andy Mukherjee

A Rainy-Day Giveaway From India’s Central Bank

RBI Governor Shaktikanta Das’s $24 billion windfall buys the government time to stave off a full-blown economic crisis.

The man with the spare umbrella.

The man with the spare umbrella.

Photographer: Dhiraj Singh/Bloomberg

If he were the CEO of a corporation, Shaktikanta Das would be an investor darling.

His first full-year results, and Das is already returning more money than the entire dividend his two predecessors could muster between them in the previous three years. That’s just the kind of performance activist hedge funds like to see.