Why RBI woes won't end with the appointment of Shaktikanta Das as new guv

Surprisingly for a leader elected in a 2014 landslide after touting business-friendly credentials, Modi can't seem to hang on to an RBI governor

India can burn through as many central bankers as it wishes, but unless politicians let the Reserve Bank of India do its job, the economic setup will fall short of the nation's aspirations.

It's commendable that Prime Minister Narendra Modi moved swiftly to replace Urjit Patel, who quit this week as RBI governor. It's never good to have a vacuum in a job like that. The new guy is Shaktikanta Das, a seasoned economic bureaucrat who has worked closely with the central bank.

That's the good news. The bad news is that a new appointment was required at all.

Surprisingly for a leader