The importance of independent central banks is well understood. But there may be some tensions, because there may be a level of expectation for central banks that is too high after years of financial crisis. There may be a temptation to make central banks responsible for things that governments should address through fiscal policy, for example.
In sharp contrast to global financial markets, which went into a seizure on account of a crisis of confidence, Indian financial markets continued to function in an orderly manner.