Bank Julius Baer feels that the slowdown in the economy may be far from over. Mark Matthews, its Head of Research, feels that the structural issues such as high deficits are marring the country's recovery.
Former RBI Governor Subir Gokarn believes that the Reserve Bank needs to address the core problems of huge current account deficit (CAD). Convincing the authority to address them is the challenge for Rajan as the new governor, he told CNBC-TV18.