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There are three essential considerations on whose premise the country’s economic policy would be ascertained.
First, above everything, is the issue of macroeconomic stability. This specifies a clear mandate to the Reserve Bank of India (RBI) to ensure that inflation remains within a band of 2-6%. Second, the importance of accumulating foreign exchange reserves. Third, the government will focus on supply-side issues, rather than demand and therefore, seek investment driven growth. This podcast explains.
There are three essential considerations on whose premise the country’s economic policy would be ascertained.
First, above everything, is the issue of macroeconomic stability. This specifies a clear mandate to the Reserve Bank of India (RBI) to ensure that inflation remains within a band of 2-6%. Second, the importance of accumulating foreign exchange reserves. Third, the government will focus on supply-side issues, rather than demand and therefore, seek investment driven growth. This podcast explains.