Historical overview highlights monetary policies and financial stability in India over nine decades.
On the eve of the 90th anniversary of the Reserve Bank of India, this article sheds light on its journey, key milestones and contributions. The Reserve Bank of India followed a unique and sustainable path for building the national economy on strong pillars, established wide institutional and financial infrastructure, adopted appropriate monetary, regulatory and other policies coupled with timely reforms, sailed the country ahead through multiple crises, and placed it into new orbits to attain the goals of macroeconomic and price stability, financial stability, growth and financial inclusion.
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Ashutosh Raravikar (2025) studied this question.
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