RBI bats for improved economic performance; sanguine on capital formation

The Reserve Bank of India (RBI), as a rule, is quite guarded in presentation of its views as it has far reaching implications for the market. Further, the credit policy which is announced every two months gives an update on the state of the economy as well as the way forward with conjectures on inflation and GDP (gross domestic product) growth. Therefore, the RBI Annual Report, which is also looked upon as an economic recap of the past year and a prognosis for the current year, cannot be expected to say anything very different. In a way, it consolidates all