India can burn through as many central bankers as it wishes, but unless politicians let the Reserve Bank of India (RBI) 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 ...

Count the straws in the wind, and it looks like the trade tensions between the US and China could be moving closer to a resolution. Don’t relax just yet, though. Beijing will delay by a decade some of the targets in its Made in China 2025 program to move into high-technology industries, people familiar with the matter told Bloomberg News ...

Many of us have long argued that, whatever its problems, India is one of the best long-term bets in the world for one simple reason: It has the sort of world-class institutions that can help build and sustain a genuine market economy. Sadly, many of those same institutions are being undermined by the country’s own leaders — most recently the ...