Among our major endeavours today are financial inclusion and the strengthening of the credit delivery mechanisms for agriculture, and small and microenterprises, specially in the rural areas. With India emerging as a key player in the global growth story, RBI’s role and responsibilities too have increasingly acquired an international dimension.
If money printing by the most developed country has triggered global inflation, then the goods made by hundreds of millions of workers in China are the “key anchor” in taming it. Why is our central bank able to keep its balance sheet unchanged although the Chinese government has extended considerable fiscal and financial support?