India's central bank must be revamped for the economy's sake
Karan Mehrishi is the author of "The India Collective: What India is Really All About" and the forthcoming "The Making of Monetary Policy in India: Imagining the Future."
Addressing celebrations last month in Mumbai of the 90th anniversary of the founding of the Reserve Bank of India, Prime Minister Narendra Modi urged the central bank to focus on "stability and trust" over the next decade.