Manageable inflation along with expectations of within-target inflation over the policy horizon is expected to boost consumption demand, which has been consistently one of the key growth drivers of the domestic economy. In 2019, headline inflation eased significantly, averaging 2.5 percent, lower than the 5.2 percent inflation in 2018.
2  BIS central bankers’ speeches  •  Nearly 268, 000 banking outlets have been set up in villages as on March 13 as against 67,694 banking outlets in villages in March 2010  •  About 7400 rural branches opened during this period  •  Nearly 109 million Basic Savings Bank Deposit Accounts (BSBDAs) have been added, taking the total no.