It is not easy to select a topic for today’s lecture; a topic that would interest the best and brightest of young persons, that would be of contemporary relevance and one on which something forward looking can be explored. After some deliberation, the subject “Autonomy of the Central Bank: Changing Contours in India” has been chosen.
During the ten years of economic reform, Reserve Bank of India (RBI) has emerged as a respected and significant institution in public policy and its changing role as a central bank deserves to be appreciated.