We feel though that it is critical to start in the schools so that our youth could emerge into the workplace more financially-literate and more confident about making financial decisions. You kids learn and pick up good (and sometimes bad) habits much faster than older people do.
With the changing inter-relationship between money, output and prices in the wake of financial sector reforms and opening up of the economy, a review was warranted. Accordingly, the Reserve Bank formally switched over in 1998-99 to a multiple indicator approach under the guidance and framework evolved by my distinguished predecessor, Dr. Bimal Jalan.