UGC Approved Journal no 63975

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 2 Issue 11
November-2015
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR1701345


Registration ID:
302355

Page Number

2120-2128

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Title

IMPORTANT INSTRUMENTS OF MONETARY CONTROL IN INDIA

Abstract

In this paper we discuss about important instruments of monetary control in India since 1991. In spite of generalised recognition of price stability as the primary goal of monetary policy, there is little evidence that inflation targeting on an average improves the performance of growth. Thus it is clear that inflation has a non-linear relationship with the economic growth. It has also been pointed out that upto a certain level, inflation is beneficial and works as a tonic for the economic growth and beyond that level it becomes inimical for the economy. If we have to examine the efficacy of the monetary policy by a single criterion, definitely it should be the inflation performance of the economy. Taking into account the need for development finance in a capital scarce economy, monetary policy needs to be evaluated in an integrated framework in terms of the inter-relationship among money supply, output and prices.

Key Words

Monetary Policy, Monetary Control, Economy, Money Supply.

Cite This Article

"IMPORTANT INSTRUMENTS OF MONETARY CONTROL IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.2, Issue 11, page no.2120-2128, November-2015, Available :http://www.jetir.org/papers/JETIR1701345.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"IMPORTANT INSTRUMENTS OF MONETARY CONTROL IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.2, Issue 11, page no. pp2120-2128, November-2015, Available at : http://www.jetir.org/papers/JETIR1701345.pdf

Publication Details

Published Paper ID: JETIR1701345
Registration ID: 302355
Published In: Volume 2 | Issue 11 | Year November-2015
DOI (Digital Object Identifier):
Page No: 2120-2128
Country: Muzaffarpur, Bihar, India .
Area: Commerce
ISSN Number: 2349-5162
Publisher: IJ Publication


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