As the economists Richard Baldwin and Simon Evenett have stressed: “Trade is not the problem; it is part of the solution.” [16] They note that the world badly needs the global network of manufacturing to boost the production of essential medical equipment, medicines and vaccines. While diversifying supply relationships may make sense, we should not throw out the baby with the bathwater.
The broad objectives of monetary policy in India have been a)  to regulate monetary expansion so as to maintain a reasonable degree of price stability; and  b)  to ensure adequate expansion in credit to assist economic growth. The emphasis between the two objectives has changed from year to year depending upon the conditions prevailing in that and the previous year. 8.