Paper Contents
Abstract
This study investigates the impact of the Reserve Bank of India's (RBI) monetary policy on economic growth from 2014 to 2024, focusing on its ability to balance growth and inflation amidst a volatile global economic environment. By examining the influence of key monetary instrumentssuch as the bank rate, repo rate, reverse repo rate, and Statutory Liquidity Ratio (SLR)on macroeconomic variables like GDP growth, inflation, money supply, and exchange rates, the study employs regression, correlation, and Vector Auto Regression (VAR) models using secondary data. The findings reveal that conventional tools like the bank rate and CRR have limited direct impact, while the reverse repo rate and SLR significantly affect economic indicators, particularly liquidity and currency stability. Policymakers are provided with recommendations to refine monetary interventions, ensuring sustainable economic growth, controlled inflation, and stable exchange rates in India.
Copyright
Copyright © 2024 Deepa Baliga . This is an open access article distributed under the Creative Commons Attribution License.
