Set against Indias 1990 economic crisis, Governor follows Raman, a reluctant bureaucrat unexpectedly appointed as the Governor of the RBI when the nation stands on the brink of bankruptcy. As inflation rises, fuel runs low, and panic spreads, Raman must navigate political pressure and a collapsing system to prevent the country from falling apart.

Shashi undergoes metamorphosis when a flowering plant starts growing from inside his mouth. His distanced teenage daughter undertakes a journey towards embracing the new image of her father.

Coming from the streets of Paharganj, the movie depicts a woman's search for her lost love, a man's attempt to regain his lost enigma and dealing with his brother's untimely death, an unexpected political murder, and raging gang war.