New central bank chief will likely bring less independence and more obedience to Modi's policy demands.

Speaking to The Washington Post, Resident Senior Fellow Vivek Dehejia explains what Urjit Patel's resignation might mean for the declining health of Indian institutions.

The RBI cannot confuse de facto operational independence with de jure policy independence.

The death of T. N. Srinivasan, the iconoclast who laid the intellectual groundwork for India’s economic reforms, marks the end of an era

The specific conditions of individual countries matter when it comes to determining whether central bank capital is adequate

The Reserve Bank of India pushes back against the government’s political meddling and cronyism

The cash-strapped government is threatening to gut the RBI

The unseemly public spat between the government and RBI is bound to further undermine confidence in the economy

The appointment of S. Gurumurthy to the RBI board suggests that the government is abandoning conventional economics in favour of its putative Indic alternative

We cannot say whether Prime Minister Narendra Modi has yet been successful in his promise to boost job creation in India.