The outgoing central bank chief says low interest rates should not be alternative to reforms needed to boost growth
Known to have a good rapport with govt officials, Patel may find his low public profile helps him develop better ties
Rajan has slashed interest rates over the past 18 months
Rajan, a former chief economist at IMF, is held in high esteem by policymakers for overhauling the way RBI operates
He's also faced personal attacks from right-wing MPs in India's ruling Bharatiya Janata Party (BJP)