MUMBAI – Prime Minister Narendra Modi, in his speech at the Reserve Bank of India’s 90th commemoration ceremony, provided an insightful look into the central bank’s future role.
“With the elections keeping me engaged for these 100 days, you have a good amount of time to deliberate on new policies,” PM Modi told the RBI officials. He further added, “Just a day after the swearing-in ceremony, you will be overwhelmed with work.”
The Prime Minister’s comments, made during the ongoing election season, suggest a pivotal role for the central bank in the development and execution of economic policies once the elections conclude.
The Reserve Bank of India, now in its 90th year, has been a cornerstone in maintaining the country’s economic balance. The central bank’s role is anticipated to be even more significant in the post-election period, with the introduction of new policies and reforms.
PM Modi’s remarks emphasize the central bank’s essential role in the nation’s economic framework and the anticipation of a considerable workload immediately following the elections.
As the nation holds its breath for the election results, the Reserve Bank of India is gearing up for a busy schedule, ready to face the challenges of formulating and implementing new economic policies.
