Monetary policy plays a significant role in maintaining economic activities of the countries. Prevailing economic situation is the result of monetary policy strategy and an appropriate monetary policy will be an aid of economic growth it controls the economy situation of the countries with the help of their different control measures to attain the low inflation, price stability and full employment. In monetary economics, control of money supply refers to control of the supply of currency and deposit money.
Cite this article:
Lalita Agrawal, Madhulika Agrawal. Effect of Monetary Policy in the Economic Development of India. Asian J. Management 5(4): Oct. - Dec., 2014 page 380-381.