Conclusion

So, you see, the role of RBI is not limited to its monetary policy. It has a much bigger role to play in our economy. Yes, of course, being the central bank of our country, its main objective is to control the money supply in the economy and keep inflation at a healthy range so that the economy can grow to its full potential. RBI is the banker to the Government of India. It manages the revenue and expenditure of the government so that it can focus on the social welfare and economic prosperity of the country. We hope you have enjoyed learning with us. There are more such interesting modules on ELM School. Do check them out as well!