Another is the expected decline in the index due to the reversal of developments in energy prices, which surged last year, and in durable consumer goods prices, whose rate of decline slowed reflecting the change in the survey specifications that was made around the same time last year.
The initial steps towards electronic products were all set up by the Reserve Bank and once the level of maturity was reached, the market was allowed to develop and thus came about the emergence of interoperable ATMs. The NFS has proven that in a large country like India, networked ATMs can function very well and that costs are shared by competing entities as well.