The Urjit Patel resignation episode is by itself not going to change India's economic trajectory
Central bankers were once known for their reticence. They are now judged by their public image. This change in expectations from the men who run monetary policy did not serve Urjit Patel well in his early weeks as governor of the Reserve Bank of India (RBI). His reticence during the entire demonetization episode was misunderstood as a lack of independence. The later patchy communications entrenched this view.