Indian Economy Nitin Singhania Free Access

The structural realities of modern India are deeply rooted in its economic history, divided cleanly by the watershed year of 1991. The Pre-1991 Era (The License Raj)

┌────────────────────────────────────────┐ │ Reserve Bank of India (RBI) │ └───────────────────┬────────────────────┘ │ ┌────────────────────────────┴────────────────────────────┐ ▼ ▼ ┌─────────────────────────────────┐ ┌─────────────────────────────────┐ │ Scheduled Banks │ │ Non-Banking Financial │ ├─────────────────────────────────┤ │ Companies (NBFCs) │ │ • Public Sector (SBI, PNB) │ └─────────────────────────────────┘ │ • Private Sector (HDFC, ICICI) │ │ • Foreign Banks │ │ • Regional Rural Banks (RRBs) │ │ • Cooperative Banks │ └─────────────────────────────────┘ The Reserve Bank of India (RBI) and Monetary Policy Indian Economy Nitin Singhania

India's economic journey from a post-colonial agrarian society to a global technology hub is deeply rooted in its planning history. The Era of Five-Year Plans The structural realities of modern India are deeply

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