Naturally, the overarching priority for public policy is creating employment and reducing poverty. Some of the recently launched employment guarantee schemes seek to address some of these issues and RBI plays a supporting role through a programme of financial inclusion in the banking sector.
Finally, there is a growing recognition in India that governance reforms are critical to strengthen state capacity and enable it to perform its core functions. The task of improving the institutions of economic governance comprise, among others, many organizations and actions essential for efficient functioning of markets.