The RBI continues to accord a high priority to financial stability while emphasizing the interest of depositors, service to the common person, financial inclusion, and an enabling environment for growth through efficiency gains. In brief, the short-term prospects for an impressive growth with a reasonable assurance of stability continues to be bright, though somewhat subdued by global uncertainties.
The fundamentals of the Indian economy do not warrant exaggerated bearishness that is being witnessed in some quarters now, just as exaggerated bullishness was not justified during some of the earlier periods. The policy will continue to address the prevalent issues of containing the inflation expectations and sustaining the growth prospects.