New Delhi, Dec. 10 -- On Monday, we finally got the news that every Indian with even a passing interest in the economy had been waiting for. Ending weeks of speculation over whether Shaktikanta Das would be given an extension of an already extended term, the government announced that revenue secretary Sanjay Malhotra will take over as the next governor of the Reserve Bank of India (RBI).

This brings the curtains down on an eventful term under Governor Das, whose time at the central bank's helm was marked by many challenges, such as guiding the economy through the pandemic, new kinds of inflationary pressures and various global uncertainties.

RBI was also at the forefront of innovation, whether in the field of digital finance or with an ...