Safeguarding Macroeconomic Stability
Institutional Commitment
- Macroeconomic stability is a key goal for the Indian government and the Reserve Bank of India, achieved through strong output growth, price stability, and a robust external account.
- The commitment to an institutional architecture supports macro stability.
Flexible Inflation Targeting
- Flexible inflation targeting, introduced in FY16 within the band of 4 +/- 2 percent, helped control retail inflation, averaging 4.2 percent until FY20.
- The Price Stabilization Fund (PSF) effectively managed price volatility in agri-horticultural commodities.
Challenges During Covid-19
- Covid-19 posed challenges to keeping inflation within the 2 to 6 percent range.
- Supply disruptions, geopolitical conflicts, and weather conditions affected fiscal ....
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What Made The Indian Economy Resilient?
- 1 Domestic Economy
- 2 Government Initiatives
- 3 Reform Push to the Indian Industry
- 4 Digital Infrastructure and Delivery of Citizen-Centric Services
- 5 Evolving Financial Markets to Support the Investment Needs of a Growing Economy
- 6 Human Resources - Dovetailing Growth with Welfare
- 7 A New Approach to Welfare
- 8 How has the New Approach to Welfare Paid Off
- 9 Women-led development: Tapping the Gender Dividend for India@100
- 10 Employment Situation in the Past Decade
