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.
