ISSN

2321-5763 (Online)
0976-495X (Print)


Author(s): Meenakshi, Hem Ritu Verma

Email(s): meenakshi.officialid@gmail.com , vermahemritu@gmail.com

DOI: 10.52711/2321-5763.2021.00045   

Address: Meenakshi1, Hem Ritu Verma2
1Assistant Professor, Devsthali Vidyapeeth, U.S. Nagar (Constituent of Kumaun University, Nainital).
2PhD Scholar, Department of Management Studies, Bhimtal (Constituent of Kumaun University, Nainital).
*Corresponding Author

Published In:   Volume - 12,      Issue - 3,     Year - 2021


ABSTRACT:
In the cusp of transformation, India is at the times where it is willing to take a big leap in order to become one of the top three economies in the world. To realize this leap India will have to overcome many challenges in order to achieve the target of growth in its seventh decade of independence. India, with this goal set in mind, have already seen big changes, especially in banking sector. Trying to break the new ground by infusing banks with investment and policies with amalgamation on one hand and on the other it is fighting a sluggish GDP. The original plan laid out and quoted “Small steps by millions of people”, by honorable Prime Minister, it is certainly facing powerful repercussions. The government laid out the plans to reform the sectors in order to achieve the milestone and the central bank has also got a crucial role to play with ongoing process of multiple mergers of Indian banks and bringing privatization in them, RBI has to focus on financial inclusion as well. This paper discusses about the central bank’s objectives, current situations, constraints and the way forward for making India a USD 5 trillion economy. RBI’s role in the context of growth has been multi-pronged.


Cite this article:
Meenakshi, Hem Ritu Verma. $ 5 Trillion Emerging Indian Economy A Road Map of Central Bank. Asian Journal of Management. 2021; 12(3):297-0. doi: 10.52711/2321-5763.2021.00045

Cite(Electronic):
Meenakshi, Hem Ritu Verma. $ 5 Trillion Emerging Indian Economy A Road Map of Central Bank. Asian Journal of Management. 2021; 12(3):297-0. doi: 10.52711/2321-5763.2021.00045   Available on: https://ajmjournal.com/AbstractView.aspx?PID=2021-12-3-10


REFERENCES:
1.    The Global Findex Database 2017, world bank, accessed December 2019
2.    “The Progress of Financial Inclusion in India: Insights from Multiple Waves of Survey Data”, Manuela Kristin Günther, Overseas Development Institute, May 2017.
3.    “Banking the Unbanked: What Do 255 Million New Bank Accounts Reveal about Financial Access?”, Sumit Agarwal, Shaswat Alok, Pulak Ghosh, Soumya Ghosh, Tomasz Piskorski, Amit Seru, Columbia Business School Research Paper s
4.    No. 17-12; Georgetown McDonough School of Business Research 2906523;
5.    “Bank Accounts for the Unbanked: Evidence from a Big Bang Experiment”, Yakshup
6.    Chopra, Nagpurnanand Prabhala, Prasanna L. Tantri, Robert H. Smith School: Research Paper No. RHS 2919091; Indian School of Business WP 219109, May 2017.
7.    Varshney. (2014). ‘Banking Law and Practices’ Sultan Chand and Sons.
8.    Bhole L. M. et.al (2004). ‘Financial Institutions and Markets, Structure, Growth and Innovations’ Tata Mcgraw Hill.
9.    “$ 5 Trillion Economy: Aspiration to Action”, Keynote Address by Shri Shaktikanta Das, Governor, Reserve Bank of India, Economic Conclave Mumbai, December 16, 2019;

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