India will have to devise a strategy to deal with the global economic situation which faces serious challenges,new chief economic adviser Raghuram G Rajan said here on Wednesday. Outlining his immediate priorities,Raghuram Rajan said,The world economy faces very serious challenges right now and India is no exception… I hope that over the coming days,I can help in whatever solution we devise. The former chief economist at the IMF had a busy first day and held over hour long parleys with finance minister P Chidambaram and later with deputy chairman planning commission Montek Singh Ahluwalia.

