Reserve Bank of India

The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by the Government of India. The Preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank as: "to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex economy, to maintain price stability while keeping in mind the objective of growth."

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    • Consumer Confidence Survey on India's Macroeconomic Indicators
      अप्रैल 2024
      Source: Reserve Bank of India
      Uploaded by: Knoema
      Accessed On: 08 अप्रैल, 2024
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      Consumer confidence for the current period has continued on its recovery path after the second wave of the COVID-19 pandemic, though it remained in the pessimistic zone; the current situation index (CSI)2 improved further on account of better perceptions on general economic situation, employment and household income.One year ahead outlook, as measured by the future expectations index (FEI), also improved, after remaining steady in the previous three survey rounds.Households displayed lower pessimism on the prevailing employment conditions vis-à-vis the previous survey round; they were more optimistic on employment outlook.The current sentiment on overall spending remained close to its level in the previous survey round, though year-ahead outlook improved marginally.The outlook on discretionary spending moved to positive terrain for the first time since the onset of the pandemic.