Extent of financial exclusion in India Let us be clear as to the enormity of the challenge half of the country is unbanked Thirty four years after bank nationalisation and extensive bank branch building 6 lakh villages in India, rural branches of SCBs including RRBs number 33,495.
Ammer and Freeman (1995) estimated VAR models for real GDP, price levels, and real interest rates up to the adoption of a targeting regime and then simulated these models into the targeting era, comparing simulated values with actual values. They found that inflation fell below predictions in all three countries.