A review of the overall macroeconomic performance in India since independence, the prospects for the coming five years and finally the issues that need to be addressed for sustaining the growth of the Indian economy. [Keynote Address by Dr.Rakesh Mohan, Deputy Governor, Reserve Bank of India at...

This paper focuses on the role of fiscal and monetary policies in the evolution of the Indian economy over the years, with particular attention being given to the reforms undertaken in these policies since the early 1990s. [Sixth Asian Economic Policy Review Conference, Tokyo].

The historical development of statistics in India is outlined. The application of statistics in RBI and the areas where statisticians can contribute significantly are also given [Speech delivered on The Statistics Day and Annual Conference on Financial Statistics].

The unconventional monetary policies (UMPs) pursued by the advanced economies (AEs) have posed macroeconomic challenges for the emerging market economies (EMEs) through volatile capital flows and exchange rates. AE central banks need to acknowledge and appreciate the spillovers resulting from...

The North Atlantic financial crisis of 2008-2009 has spurred renewed interest in reforming the international monetary system, which has been malfunctioning in many aspects. Large and volatile capital flows have promoted greater volatility in financial markets, leading to recurrent financial...