'India outgrew emerging markets in Rajan era'
According to reports, Indian equity markets surged around 43.4% ever since RBI Governor Raghuram Rajan assumed office in September 2013, thereby outgrowing other emerging markets during the period. The Chinese market rose 35.6%, while the Russian and Brazilian indices fell 29.9% and 4.22% respectively. The combination of the government and the Governor increased investor faith, analysts said.