India’s Departing Central Bank Governor Leaves a Lasting Legacy
- Das won over many critics with his diplomatic approach
- Successor Malhotra likely to keep focus on stabilizing rupee
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As Shaktikanta Das finishes up his tenure as India’s central bank governor, handing over the reins to a career bureaucrat, many have praised his performance as a relative outsider who leaned on diplomacy to propel the world’s fastest-growing major economy to new heights.
Over the past few years, Das steered the Reserve Bank of India through pandemic lockdowns and digitization of numerous facets of life in the South Asian nation. He held his seat for six years, making him the second-longest-serving leader of the central bank.