Monetary Management and Financial Intermediation
- Monetary Policy
- Remained accommodative in 2019-20.
- Repo rate was cut by 110 basis points in four consecutive MPC meetings in the financial year due to slower growth and lower inflation.
- However, it was kept unchanged in the fifth meeting held in December 2019.
- In 2019-20, liquidity conditions were tight for initial two months; but subsequently it remained comfortable.
- The Gross Non Performing Advances Ratio
- Remained unchanged for Scheduled Commercial banks at 9.3% between March and September 2019
- Increased slightly for the Non-Banking Financial Corporations (NBFCs) from 6.1% in March 2019 to 6.3% in September 2019.
- Credit Growth
- The financial flows to the economy remained constrained as credit growth declined ....
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- 2 Services Sector
- 3 Industry and Infrastructure
- 4 Agriculture and Food Management
- 5 Sustainable Development and Climate Change
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- 7 External Sector
- 8 Fiscal Developments
- 9 India’s Economic Performance in 2019-20
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- 12 Privatization and Wealth Creation
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