Modi will also need to reconcile market demands with those from forces within his own administration
India is gearing up to introduce a six-member monetary policy committee that would vote on interest rates.
Here is some background on the candidates seen as potential successors to Rajan at the RBI
The RBI is not statutorily independent from the government but has long enjoyed wide latitude
A two-year extension at the helm of the RBI still looks a real possibility
The trip was more about understanding the Indian market, but was also about signaling to the world that Apple has arrived in India
Cook meets the 65-year old prime minister in New Delhi on Saturday, and will be hoping Modi's enthusiasm for phones can help Apple as it tries to bolster sales in India.
The funds, some of which have invested in the NSE for almost a decade, want the exchange to list as soon as possible so that they can exit and pay back investors in their funds
Apple is also expected to announce plans for a startup accelerator in India to work more closely with the Indian developer community that works on the company's iOS and OS X software platforms
Cook's visit, following a trip to China, comes at a crucial time as Apple looks for new growth markets after posting its first ever decline in iPhone sales
Mauritius and Singapore account for the bulk of the $278 billion in foreign equity investments since 2000
Now, funds from Mauritius interested in India will have to weigh paying capital gains taxes that could range from zero to as much as 20 per cent
The profit boost for studios will in large part be driven by the rush for local-language content from platforms like Netflix Inc
Samsung recently introduced its "S bike" mode, a feature targeted at India's legions of motorbike riders that, when activated, notifies callers that the phone's owner is riding and cannot answer
Internal management tensions, stiff opposition from Chinese handset makers led to halving of the company's market share
Markets hope the Budget will steer spending towards infrastructure.
The slowdown is especially pronounced in rural areas, which have suffered two consecutive dry years.
The country holds one of the biggest opportunities for Uber as more Indians start using smartphones
Venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015