For decades, it has been common wisdom that the growing asymmetry in military power between the United States and its NATO Allies constitutes a serious problem in the transatlantic security relationship. After all, allies who can no longer cooperate militarily risk deviating politically as well.

President Vladimir Putin has carefully crafted an image as a strong man of action — one whose will and power have single-handedly restored Russia’s status as a great power.

Urjit Patel took over from Raghuram Rajan in 2016, just two months before Prime Minister Narendra Modi's colossal demonetisation move.