In brief, the Reserve Bank has been assigned several functions, in addition to monetary management. In performing each of the functions, the statute as well as the functional content, requires that the Reserve Bank exercise varying degrees of autonomy and coordination vis-à-vis the government.
The three over-arching features governing the relations with the Government are autonomy in operations; harmony in policies; and coordination in structural transformations. Performance of the Indian economy: self accelerating growth with stability Sometimes India is described as a re-emerging economy. Since in the 18th century, this geographical area had accounted for about a quarter of world output – but that is part of history.