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Monetary Policy in India: A Command Approach

Deena Khatkhate
Economic and Political Weekly
Vol. 25, No. 33 (Aug. 18, 1990), pp. 1856-1858
Stable URL: http://www.jstor.org/stable/4396649
Page Count: 3
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Monetary Policy in India: A Command Approach
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Abstract

Indian monetary authorities have designed an array of policy instruments to regulate credit flows in the planned directions. This has led to a monolithic decision-making process in regard to monetary policy formulation and its implementation and primacy for direct rather than indirect methods of control in monetary management.

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