Latest / How India's Economy Works
What the RBI's role in the economy and its Relationship with Government is
In this episode of How India’s Economy Works, host Puja Mehra speaks with economist and Professor of Economics at SRM University, Dr. Parag Waknis to unpack one of the most important yet least understood documents in Indian policymaking, the RBI’s accounts. They explore how the RBI manages government debt, why it holds government securities on its balance sheet, and how these operations influence GDP, liquidity, interest rates and inflation.
The conversation examines the evolution from direct deficit financing to the current system of primary dealers, the significance of foreign exchange…
The skinny
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